Hi guys,
After looking at my job's 401k asset allocation and expenses paid, I realized I am being robbed!! Right now I am in the Fidelity Freedom 2055 that has an expense ratio of 0.75%. It's funny how I had been hearing about fees and being told to watch out for those and how you can get duped on those, and today I decided to look at things a bit closer and realized I was paying too much in fees.
Now the other funds that are available to me with the lowest fees are Vanguard Institutional Index at 0.04%, Vanguard EXT Market Index-ADM at 0.08%, Vanguard Total INTL STK Indx-Adm at 0.11%, and Vanguard TOT Bond Mkt Index-ADM. I want/need to sell the Fidelity 2055 and allocate the funds (worth 26.7K vested, 28K total) to these different Vanguard funds in a 90/10 split. It looks like I do not have Vanguard total stock market Index fund available to me.
What do you guys think? Is there anything else I am missing as far as questions to ask before trading? Do I have enough funds to buy into all these funds?
Thanks
After looking at my job's 401k asset allocation and expenses paid, I realized I am being robbed!! Right now I am in the Fidelity Freedom 2055 that has an expense ratio of 0.75%. It's funny how I had been hearing about fees and being told to watch out for those and how you can get duped on those, and today I decided to look at things a bit closer and realized I was paying too much in fees.
Now the other funds that are available to me with the lowest fees are Vanguard Institutional Index at 0.04%, Vanguard EXT Market Index-ADM at 0.08%, Vanguard Total INTL STK Indx-Adm at 0.11%, and Vanguard TOT Bond Mkt Index-ADM. I want/need to sell the Fidelity 2055 and allocate the funds (worth 26.7K vested, 28K total) to these different Vanguard funds in a 90/10 split. It looks like I do not have Vanguard total stock market Index fund available to me.
What do you guys think? Is there anything else I am missing as far as questions to ask before trading? Do I have enough funds to buy into all these funds?
Thanks
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