<prompt> Human: So I havent been involved in their finances at a granular level. Heres the basic premise: They have funds in their 401k at Morgan Stanley, which they say they want to move into an IRA account, so that they can gradually withdraw for living expenses.They went to Chase the other day and naturally Chase gave their pitch on their IRA account management, and want them to transfer their 401k funds into a Chase managed IRA. The Chase fees are a one-time, 3.5 and then 1.6 per year.First off, Im not entirely sure why they want to make this move other than theyre familiar with Chase. The fees seem sort of high to me, and Ive heard the Chase rep call them to aggressively try to set up a meeting to transfer the funds. Does any of this make financial sense for them? What would be the best way to proceed for this situation?  <response>: These fees are outrageously high and the 1.6 annual fee is going to take a HUGE chunk of their returns. Because they are only single digit percentages, the advisers are very able to make them sound small, but they are in reality taking much much more than is reasonable. If you believe in the 4 safe withdrawal rate, then the 1.6 fee is taking 40 of their annual distribution. Far, far too much.Can you get your inlaws to consider any low cost providers, like Vanguard, Schwab, Fidelity or T Rowe Price? 