Has anyone used Charles Schwab Self-Directed Brokerage Account (SDBA) for their retirement accounts?
The fund options in our core 457 plan are becoming more expensive. For my asset allocation, it went from 0.18 to 0.34 but some of the planned changes haven't gone into effect yet. However, the plan does offer a Schwab SDBA option for an additional fee of $50 per year. My concern is availability of low-cost index funds and/or ETFs and other additional fees on top of the $50 annual fee.
Core Plan
Definitely keeping Large-Cap in the core plan. The Bond fund seems reasonable enough, too. Thinking I might need to replace the Mid-Cap, Small-Cap and Int'l Stock (which I'm guessing could go up to 0.80 after plan changes have been finalized).
My AA
So any opinions on Schwab SDBA? Also, what funds/ETFs to replace the above with?
The fund options in our core 457 plan are becoming more expensive. For my asset allocation, it went from 0.18 to 0.34 but some of the planned changes haven't gone into effect yet. However, the plan does offer a Schwab SDBA option for an additional fee of $50 per year. My concern is availability of low-cost index funds and/or ETFs and other additional fees on top of the $50 annual fee.
Core Plan
Investment | Expense Ratio |
Bond | 0.26 |
Large-Cap | 0.02 |
Mid-Cap | 0.52 |
Small-Cap | 0.42 |
International | 0.50 |
Definitely keeping Large-Cap in the core plan. The Bond fund seems reasonable enough, too. Thinking I might need to replace the Mid-Cap, Small-Cap and Int'l Stock (which I'm guessing could go up to 0.80 after plan changes have been finalized).
My AA
Investment | Allocation |
Bond | 10% |
Large-Cap | 25% |
Mid-Cap | 20% |
Small-Cap | 20% |
International | 25% |
So any opinions on Schwab SDBA? Also, what funds/ETFs to replace the above with?