seraphim
Thinks s/he gets paid by the post
- Joined
- Mar 6, 2012
- Messages
- 1,555
My Vanguard account averages .10%. That's total cost. No other costs whatsoever. I could get it down to .08 with a little shifting - like getting rid of international stocks.
$1000 a year vs $7500 a year. That's $130000 over 20 years which could have been reinvested. Or paid for several cars. Or one very nice car.
Your choice.
And that doesn't include your current funds' ERs. That may be doubling your cost.
Roll them over into Vanguard Admiral accounts. Your FP us doing nothing to earn that $7500 a year. He's merely pocketing your potential returns.
$1000 a year vs $7500 a year. That's $130000 over 20 years which could have been reinvested. Or paid for several cars. Or one very nice car.
Your choice.
And that doesn't include your current funds' ERs. That may be doubling your cost.
Roll them over into Vanguard Admiral accounts. Your FP us doing nothing to earn that $7500 a year. He's merely pocketing your potential returns.
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