401K yearly charge

[krishanleong]

Hi all, I have 8+K in a former employer 401K. This year they decided to start charging a yearly managing fees of 10$. I didn't like the sound of that and thought about rolling it over. But when I looked at the Vanguard Mutual Funds, which seem to be a board favorite, they have a yearly fee as well. Should I just leave my money where it is? Thanks for the input.

Krishan

[gvibes]

Where is your 401k at now? At the very least, Vanguard will probably have lower expenses.

Also, are you referring to the fee for having less than $XXXX per fund?

[krishanleong]

[ QUOTE ]

Where is your 401k at now? At the very least, Vanguard will probably have lower expenses.

[/ QUOTE ]
Stock - (Growth/Income)
15% 19% $1,274.86

Fidelity Equity-Income II Fund
4% 4% $322.92
Fidelity US Equity Index Commingled Pool
5% 5% $401.68
Longleaf Partners Fund
6% 10% $550.26

Stock - (Growth)
85% 71% $7,289.97

Fidelity Contrafund
20% 19% $1,706.45
Fidelity Magellan Fund
10% 0% $871.93
Fidelity OTC Portfolio
5% 5% $390.99
Royce Opportunity Fund
27% 20% $2,333.38
RS Emerging Growth Fund
20% 22% $1,695.65
T Rowe Price Spectrum Growth
3% 5% $291.57

I reread the Vanguard website and it seems to say if I have over 5K, there won't be a charge. Is this correct? Also I'm thinking about their 2045 retirement mutual fund. Is this agressive enough for a 24 year old?

Krishan

[LondonBroil]

The 2045 Retirement Fund is an excellent choice.

[gvibes]

[ QUOTE ]
I reread the Vanguard website and it seems to say if I have over 5K, there won't be a charge. Is this correct? Also I'm thinking about their 2045 retirement mutual fund. Is this agressive enough for a 24 year old?[q/uote]

I believe that if you have over 5k per fund, there will be no charge. I'm not 100% sure on that.

And their TR 2045 is plenty aggressive.

I am a big propoenent of indexed investing, and it looks like some of your funds are actively managed, with the attendant higher expense ratios.

I suggest reading some books like Bogle's common sense on mutual funds, Malkiel's a random walk down wall street, or Bernstein's Four Pillars of Investing. I think that, after reading any of those books, you will see why a indexed, low cost solution is the best route.

[BottlesOf]

I have my 401K in a variety of like 4/5 funds and I have the prospecti for those funds. Is there any material I should look for to see if my money is in the right places? I've lcoated the varoius fees associated with each fund, mgmt fees seem to be in the 2% range.

I've just started working so all this stuff is brand new to me.

Also is there a non 2+2 forum that is the nuts for financial planning etc?

Thanks

[edtost]

[ QUOTE ]
Also is there a non 2+2 forum that is the nuts for financial planning etc?

[/ QUOTE ]

the oot denizens probably have a better idea of this than posters here.

[gvibes]

[ QUOTE ]

Also is there a non 2+2 forum that is the nuts for financial planning etc?

[/ QUOTE ]

I like diehards.org