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Hi !
This looks like a great forum! I've been lurking here for several weeks and learned so much already!
I'm 31 and my husband is 37. We figured out that we can retire early in 70 months. The mortgage will be paid in 22 months. We live a simple life without a car and don't accumulate a lot of material things. No kids. We didn't even imagine early retirement was possible until we read 'Your Money or Your Life' a couple years ago.
Here's my issue: I have several thousand in a 401k with my previous employer. It's with Prudential. At my new employer I've started a new 401k which is being managed (?) by Hewitt, which only offers five Vanguard funds. Here are the funds and the percentages I'm contributing:
Prime Money Market = 10%
Inter-Term Bond Index = 5%
Institutional Index = 15%
Mid-Cap Index = 35%
Small-Cap Index = 35%
Here's my question- I've read about the 'tyranny of compounding costs' and how great Vanguard is. Should I roll over the money I have with Prudential over to my new 401k? I've tried to figure out what fees I'm paying for Prudential and still haven't been able to find where they're hidden, but I'm guessing that I would have a better deal if everything were put into the Vanguard funds?
I must admit I'm no expert in investing (yet)!
Also, when we're talking about fees, are there two sets of fees (i.e. fees charged by Prudential/Hewitt AND fees within each respective fund)? I'm sorry if this is a silly or dumb question!
Thanks for any advice you may have. This is a great forum!
Susan
P.S. Do my percentages look OK, too?
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