nun
Thinks s/he gets paid by the post
- Joined
- Feb 17, 2006
- Messages
- 4,872
Talk about zeitgeist! Yesterday I was comparing the fees of two of the providers of my defined contribution retirement plan, TIAA and Fidelity, and this morning NPR has a bit about high expenses in 401k plans. They mentioned expense ratios like 1.5% which made me feel a little better about my plan options. However, the fees are still higher that I'd like. I'd be interested to know the fees in your employer retirement plans.
Fidelity offers a range of equity funds, midcap, value etc with expenses of around 1%, not good! its Freedom Funds for between 0.5% and 0.8% and then its Spartan 500 Index at 0.1% and Vanguard Bond Index at 0.22%...but they are the only inexpensive choices.
I'm currently invested in TIAA-Cref's mostly for simplicity as I have a TIAA traditional account there from another employer. I have access to the variable annuity index accounts and also to the TIAA-Traditional, Institutional Lifecycle and mid-cap, small cap, value etc funds. The expense ratios on these are all between 0.4% and 0.5%.
So on average TIAA-CREF is cheaper, but if I moved to Fidelity and kept to Spartan 500 and Vanguard Bond index I'd pay less in fees, but to keep them low I'd be severely limited in my investment choices.
Fidelity offers a range of equity funds, midcap, value etc with expenses of around 1%, not good! its Freedom Funds for between 0.5% and 0.8% and then its Spartan 500 Index at 0.1% and Vanguard Bond Index at 0.22%...but they are the only inexpensive choices.
I'm currently invested in TIAA-Cref's mostly for simplicity as I have a TIAA traditional account there from another employer. I have access to the variable annuity index accounts and also to the TIAA-Traditional, Institutional Lifecycle and mid-cap, small cap, value etc funds. The expense ratios on these are all between 0.4% and 0.5%.
So on average TIAA-CREF is cheaper, but if I moved to Fidelity and kept to Spartan 500 and Vanguard Bond index I'd pay less in fees, but to keep them low I'd be severely limited in my investment choices.