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Thread: TSP No Longer Low Expense Leader

  1. #13

    Default Re: TSP No Longer Low Expense Leader

    Quote Originally Posted by James48843 View Post
    STOP STOP STOP

    This article is not correct. There WILL be fees in those funds in the future

    The article says there are NO FEES and NO EXPENSES. That is not correct. The writer of that article is NOT a financial professional- he's a Public Affairs writer only.

    The funds cited are BRAND NEW FUNDS- having commenced operation THIS MONTH, and the initial Prospectus is available for you to read here:

    https://fundresearch.fidelity.com/mu...mary/31635T609

    IN the prospectus, it says that there are no sales commissions (true), but it also says that there WILL BE COSTS in the future.

    "
    Portfolio TurnoverThe fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance.

    The prospectus only shows ZERO for all fees at this time because it's only been operating a few days, and hasn't had any quarters or years to report fees on.


    That WILL change, as soon as the fund finishes it's first quarter, and is able to publish it's cost data.


    Now, that said, I LIKE the funds they set up, and will be following them. I especially like that the international fund is more diverse than the TSP's I fund.

    I just want to make sure everybody understands that it is VERY LIKELY that the TSP will continue to be much lower costs for some time to come. The fees on these non-TSP indiex funds WILL show up shortly We shall see soon.




    Clip:

    Fidelity ZEROSM International Index Fund (FZILX)

    No Transaction Fee (1*)





    (1*)-1. No Transaction Fee Fidelity funds are available without paying a trading fee to Fidelity or a sales load to the fund. However, the fund may charge a short-term trading or redemption fee to protect theinterests of long-term shareholders of the fund. Shares are subject to the fund's management and operating expenses. See Expenses & Fees for more information.

    Fund fact sheet here:
    https://fundresearch.fidelity.com/mu...appcode=RETAIL



    I don't think this is right. There won't be an ER for this fund anytime soon--Fidelity has promised as much. The internal expenses listed above are common for all funds, including TSP. Fidelity has stepped ahead of TSP and Vanguard.

  2.  
  3. #14

    Join Date
    Dec 2006
    Location
    Oregon
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    Default Re: TSP No Longer Low Expense Leader

    Thank you for this information.
    It is never a good idea to take all of your funds out of the TSP. uscfanhawaii has the right idea. Leave 50% in TSP and move 50% to a firm of your choice. Once TSP is gone you can never come back, if you are a retiree. There may be others ways to get into the TSP, but I retired and am not looking to get reemployed! If the investment firm you choose does not make you happy, you can roll back into the TSP if the funds are in a retirement vehicle account ie: IRA, perhaps ROTH.
    Just my 2 cents worth.

    csh
    No God, No Peace. Know God, Know Peace.

  4.  
  5. #15

    Join Date
    Aug 2014
    Location
    Pennsylvania, USA
    Posts
    282

    Default Re: TSP No Longer Low Expense Leader

    Quote Originally Posted by uscfanhawaii View Post
    I am glad the article also mentioned Vanguard. I have both Traditional and Roth IRAs with Vanguard, and have noticed the free commisions and lowering fees there also. The vastly greater options outside of TSP are still alluring. So it will still be a decision new retirees will have to make.
    When I transferred my Roth IRA to Vanguard I puttered around for a bit doing research and found a very low cost mutual fund to get in and many similar to it with close to 10% returns on average over at least 15 years. I'm very happy with my experience in the TSP so far (5 years), but will most likely merge it all (after taxes) to Vanguard when time comes for retirement.

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  7. #16

    Join Date
    Dec 2007
    Location
    inland Northwest
    Posts
    4,124

    Default Re: TSP No Longer Low Expense Leader

    since we're talking about outside account costs, thought I'd add this to the mix. JPMorgan is starting to offer no-commission trades to varying degrees. The competition is getting stiffer in terms of trading costs. However, per Interactive Broker executive VP, there are tradeoffs. As you might expect...

    https://finance.yahoo.com/news/online-brokerage-stocks-sink-jp-122600323.html
    "life can only be understood backwards, but it must be lived forwards" - soren kierkegaard

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