question about fund expenses
When evaluating mutual funds, I've always made sure that they are no-load and have low expense ratios. A friend of mine recently asked me about management fees. Basically, a fund in his 401K has an exp ratio of 0.81 and a management fee of 0.61. Is this management fee part of the expense ratio, or should the two be added together to assess the full expenses of the fund? Hope this isn't too basic of a question!
less stuff, more time
(48, married; DH 52. I am fully retired as of 2015 (well ok, I still work part-time but only because I love the job and have complete freedom to call off if I want to travel with hubby for work), DH will fully retire 2018 when he turns 55 to access 401K penalty-free)