Taking saving on fees to the extreme.
I'm in a state 457 plan that offers a good mix of SSgA (State Street) individual index funds, with some speciality Eaton Vance, PIMCO, Invesco funds and a range of Target Date funds too. The Target Date funds have expense ratios of 0.17%.....pretty good. But the individual index funds from SSgA have ratios like around 0.02%. So rather than buy the 2015 Target Date fund I just bought SSgA bond index, S&P 500, International Index and Inflation protected funds. Net expense ratio is 0.021%. It's not quite as diversified as the 2015 Target Date fund as I didn't include funds with expense ratios above 0.17% like the Eaton Vance High Yield fund and the Invesco REIT, but I can get cheaper fee versions of those in my Vanguard IRA.
So now I'm going to see if my lazy portfolio does any better than the 2015 target Date fund.....it should track it quite well as long as I keep up with the rebalancing.
OCCUPY ER, <=>
"The needs of the many outweigh the needs of the few, or the one." - Spock
Retired Mar 2014 at age 52
Target AA: 70% equity funds / 28% TIAA-Traditional/ 2% cash
Target WR: 0.0%,
Income from pension, rent, and eventually SS