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Interesting ER article
Old 12-21-2006, 02:34 PM   #1
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Interesting ER article

It isn't out of the question for Joe to retire early, say financial planners Jenny Curran and Bill Prewitt of Charleston, S.C. But in order for him to do so, the Raspantis will have to give their finances a serious overhaul.
Lower investing fees Most of Anne's $90,000 IRA is invested in mutual funds that charge up-front costs as high as 5.75 percent, plus 1.5 percent in annual expenses.

Curran and Prewitt advise her to switch to no-load index funds at a company such as Fidelity or Vanguard, where the fees are often less than 0.25 percent per fund.
Bad start, but good finishing touch. $5175 commission paid so far plus $1350 in annual expenses! Vanguard will reduce it to $225/yr. What are they waiting for?
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