Originally Posted by
gatorbird
A much-more-financially-savvy buddy asked if I'd spread the word on APC of this newsletter provided by a couple of financial guys out of Ocean City, NJ. Essentially, they research the available funds in an airline's 401k package and give recommendations via a newsletter of performance, etc. They provide for all the legacies, SWA, UPS, etc. and my buddy convinced them to start one on us to see if there would be any interest. They won't make anyone rich overnight; instead, they have historically beat the S&P by 1-2%. If you're like me and dump your money in one of the "Retirement 20__" funds it might be worth looking into. They're offering a free trial subscription until June 2015 so take a look for free and make an educated decision when it expires.
EZTracker401k - Spiritairlines
Our 401k options are not the greatest. The Retirement 20XX options are pretty shoddy- too expensive.
The only good fund we have is the S&P500 fund, which is ridiculously cheap.
However, we DO have a pretty great option, which allows us to buy individual stocks. And by "stocks", I mean "ETF's". (Although theres no problem owning some shares of SAVE...)
It's called the PCRA account; call Schwab to get it set up. Then you can choose from an entire list of
commission free ETF's that will let you build a portfolio that suits your needs for a fraction of the cost of the price of our funds offered in the 401k. My entire portfolio cost me about .07%, compared to the +1.0% fees charged by the "all in one" funds.
Takes a little bit of work, but it's well worth it... the difference between a portfolio that charges 1.0% vs the same portfolio with a sub .10% expense ratio equates to
tens of thousands of dollars extra in your pocket at retirement time...
https://client.schwab.com/secure/cc/...ETFs/OneSource