TIAA-CREF lowers expense ratios

[Levett]

Actually, it's the CREF side of matters, but this is a significant change of course under the new leadership of Roger Ferguson.

http://www.tiaa-cref.org/support/news/articles/gen0912_202.html

I post this notice because there appear to be T-C participants (like me ) who post at this site. Bob U.

[alec]

and there was much rejoicing...

[cinghiale]

Thanks for posting this Bob. I initiated a thread a few weeks ago about TIAA-CREF share classes, and most of the responses brought me to the disheartening conclusion that what you get is what you get (or, more specifically, what your state system has agreed to). This is a nice bit of news heading into the new year.

[cinghiale]

And, lest we forget:



Low expense ratios... the holy grail of investing!

[Boglenaut]

I hate them 9% less now.

Thanks for posting this.

[DickBenson]

In the spirit of Scrooge, the expense ratios of the CREF Stock Fund were in the 0.3 range during the 90's, as opposed to the 0.5 range now. Also the turnover rates were in the 25% range then, compared to around 50% today.

Merry Xmas,

Dick

[Boglenaut]

In the spirit of Scrooge, the expense ratios of the CREF Stock Fund were in the 0.3 range during the 90's, as opposed to the 0.5 range now. Also the turnover rates were in the 25% range then, compared to around 50% today.

Merry Xmas,

Dick

Yeah, my current BGI 401K TIPS fund is .06. My CREF TIPS is still .45. If my plan allowed me to roll it out, I would.

But at least it is a step in the right direction.

[munnix]

Thanks for the posting Bob. Still have a bit in TIAA-CREF. No complaints here.