 here's your chill on money question of the day ben from new england asks i'm 61 and currently have 1 million dollars in a managed ira and another million dollars in a self-managed ira should i switch from managed to self-managed investing in index funds to reduce the cost overall okay ben a couple of things to consider if you're happy with the managed account and it's being run in a tax efficient manner then it could be worth keeping it in terms of doing it all on your own