Quote:
Originally Posted by Neils
Vanguard 2020 is a lower cost fund, but currently charges 0.13% load fee, plus whatever account charges they show you. No free lunch.
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Just to clarify, the Vanguard 2020 fund is a "no load" fund, which means that there is no sales fee to purchase shares. It does have an expense ratio of 0.13 percent to manage the fund assets. This is a relatively low expense ratio as compared with similar funds. All mutual funds have a management fee built into the fund.