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UPS Retirement Topics
UPS/Teamster 401k...Prudential to a Dreyfus self managed account...+22.86% for 2012
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<blockquote data-quote="Jones" data-source="post: 1168029" data-attributes="member: 4805"><p><strong>Re: UPS/Teamster 401k...Prudential to a Dreyfus self managed account...+22.86% for 20</strong></p><p></p><p></p><p>What other fees? Post them.</p><p>I already posted the ERs for 3 index funds, the admin fee is about $25 per year.</p><p>You said that you are in passively managed non index funds which means that you are in sector funds. The lowest ER I could find on a sector fund was vanguard's REIT at .24%.</p><p>100K invested in that fund would cost you $240 per year in fees. The same 100K in our S&P would cost $10 per year, add the admin fee and you're at $35.</p><p>$35 vs $240. That's a number. </p><p>Anyone can get a no fee IRA, that's easy. It's what you put in that IRA that makes the difference. </p><p>I'll say it again, if you want to be a trader then yeah it might make sense to to move on. But most people aren't, and telling someone who is going to stay invested in mutual funds that they should roll over to an IRA is terrible advice because they'll be walking away from the best deal in town.</p></blockquote><p></p>
[QUOTE="Jones, post: 1168029, member: 4805"] [b]Re: UPS/Teamster 401k...Prudential to a Dreyfus self managed account...+22.86% for 20[/b] What other fees? Post them. I already posted the ERs for 3 index funds, the admin fee is about $25 per year. You said that you are in passively managed non index funds which means that you are in sector funds. The lowest ER I could find on a sector fund was vanguard's REIT at .24%. 100K invested in that fund would cost you $240 per year in fees. The same 100K in our S&P would cost $10 per year, add the admin fee and you're at $35. $35 vs $240. That's a number. Anyone can get a no fee IRA, that's easy. It's what you put in that IRA that makes the difference. I'll say it again, if you want to be a trader then yeah it might make sense to to move on. But most people aren't, and telling someone who is going to stay invested in mutual funds that they should roll over to an IRA is terrible advice because they'll be walking away from the best deal in town. [/QUOTE]
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UPS/Teamster 401k...Prudential to a Dreyfus self managed account...+22.86% for 2012
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