Common Dreams

F. Delbert Moeller _{on Google}

Dec 31st, 2017

I have read Thom Hartmann's book "Rebooting the American Dream". In it he discusses Securities Turnover Excise Tax.and setting the added expense ratio on to the a transaction at 0.25% on all transactions. I suggest he review the transition fees (expense ratios at Vanguard). They vary depending on the amount of money invested $50,000 dollars to say $5 million. For someone with say $500,000 in a VTINX Retirement Income fund, the expense ratio is 0.12%. The return on that fund is just north of 5%. With a sustainable distribution of 4%, the owner would receive about $20,000 for the year. Surely, Thom does not imply that one size fits all. That is additional 0.25% on to 0.12% is justified for a retirement fund.

Liam Bules _{on Google}

Feb 13th, 2017

These Guys are awesome