While I am probably one of the bigger Vanguard fanboys out there, I know it can be hard to come up with the $3000 required to get into most of the funds (even the $1000 for the Star fund). Luckily, T Rowe Price will waive any minimum or low balance fee if you agree to an automatic savings plan of at least $50 a month which they withdraw from your checking or savings account. I recently helped open one of these in the Target Retirement 2050 fund for my fiance which was a very simple process.
You do take a hit on the expense ratio – 0.21% for Vanguard vs 0.76 at T Rowe – but for those just starting out it can be a great place to start at just $50 a month.
Johnathan at My Money Blog has a huge breakdown of Vanguard vs T Rowe which is a very interesting read.
|Recent Posts||Recent Comments||Popular Posts|
- joanie bolden: should i hve already gotten my taxes...
- Overrun: hey that's really a great post and i like this and thanks f...
- female hormones: Hey man, was just browsing through the internet looking for ...
- hormone therapy doctors: I enjoy what you've got right here, adore what you're statin...
- chic furniture: I was very pleased to find this site. I wanted to thank you ...
- Budget (1)
- Deals and Steals (42)
- Net Worth (65)
- Personal Finance (191)
- Posts of the Week (6)
- Real Estate (6)
- Site News (7)
- best credit card - best credit card deals and reward schemes with mbna uk Chip Flowers - www.chipflowers.info/ -
- buyer of structured settlement
Chip Flowers - www.onlineprnews.com/news/
Chip Flowers - www.24-7pressrelease.com/
Chip Flowers - delawareway.blogspot.com/2010/
Chip Flowers - www.delawarefirst.org/