#1
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401K yearly charge
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 |
#2
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Re: 401K yearly charge
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? |
#3
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Re: 401K yearly charge
[ 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 |
#4
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Re: 401K yearly charge
The 2045 Retirement Fund is an excellent choice.
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#5
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Re: 401K yearly charge
[ 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. |
#6
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Re: 401K yearly charge
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 |
#7
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Re: 401K yearly charge
[ 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. |
#8
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Re: 401K yearly charge
[ QUOTE ]
Also is there a non 2+2 forum that is the nuts for financial planning etc? [/ QUOTE ] I like diehards.org |
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