That's what concerns me with mine as well. It doesn't state what the fees are. Sure it clearly states the expense ratios on the funds available, but the fees taken by the plan (which can be seen in your 401k statements) aren't posted anywhere. I'll email HR. I just want to know what the fees are. What if they're taking like 2%? Unlikely, but, if fees were high enough I think there would be a chance I'd be better off increasing retirement savings in other vehicles first before maxing out my 401k.
I started with the government in January so I plan to max my 401k annually due to the extremely low fees associated with their funds. The main downside with the TSP is its really limited on investment options.
This is probably a dumb question but how is the expense ratio even “paid”? Is it just taken out of your “gain”?
Not a dumb question at all and I'm interested in answers too. My understanding has been that the expense ratio fees aren't paid directly out of our accounts, but they affect the share price of the funds, which happens because the funds will sell assets to pay themselves? So, we don't see these expenses in our 401k statements?
That makes sense. I figured it was baked in there somewhere and we don’t actually see it show up like a transaction.
A lot of times the admin fee (if there is one) will be an external cost paid by your company (best for the employee). When I sold retirement plans, we had a variety of different fund classes available with most carriers. Basically the more expensive the expense ratio was, the more we’d make. Many 401k plans actually insurance products called group annuity contracts that can add a little more complexity when determining costs. Looking back, it’s disgusting what some smaller companies and their employees paid in fees.
I believe in Obama's last couple of years in office they put in some regulations to help curb some of this, because it truly was awful.
I wasn’t calling it dumb, it’s just that being short GME is basically like picking the side of The Empire in Star Wars.
Does anyone manage the 3 or 4-fund portfolios that make up a Target Date fund vs. just going with the Target Date fund? Is it a headache? Seems like it wouldn't be worth the hassle (or the risk of fucking things up somehow) for a little savings on the fees, so I've always gone the Target Date route.
In my traditional IRA, I have US and International market funds, and a US bond fund. I want to throw a small percentage to a 4th fund but something more aggressive than an international bond fund. Somebody help me pick a fund and get rich!
Probably not new, but Schwab showed me a message about an upcoming redesign of their brokerage view when I logged in today.
The Buzz Twitter Bot Fund? Have a little in the Grayscale Trust in my personal account but I wonder how this will do moving forward with all the non-US crypto ETFs out there now. And it seems Grayscale has hired an ETF team so things could change there with this trust. Seems like only a matter of time before a crypto ETF is available in the US.
Any of ya'll fuck with HMBradley savings account? 3% interest. FDIC insured through Hatch Bank. There are some rules requiring direct deposit and keeping a savings rate, but damn, 3%? Gonna try it.
I setup a small direct deposit that will go through in my March 31st pay and transferred a small amount just $1k from my other savings account. Will let ya know how it goes. The way I read it, in Q1 I should get 0.5%, then in Q2 April it’ll bump to 3%
Because a post completely out of nowhere bragging about your wealth comes off incredibly douchey. I’m happy for the guy that he’s doing well
We don't. There's enough guys in here who post screenshots or claims of successful huge trades or account values. Difference is, they're frequent contributors who post their investment approach and what led them to that success. We applaud. I don't go in to the crypto thread, where I rarely post, and post a screenshot of me holding 20 bitcoins, "Is this good?"
Some of you acting like I've never posted in this thread before is weird. I've been investing for 15 months and have over 200 posts in the official investing thread.