Personal Finance and Investing

lordsummerisle

(4,652 posts) Thu Dec 3, 2015, 08:55 PM Dec 2015

Vanguard Investors May Be In For a Shock [View all]

Last edited Thu Dec 3, 2015, 10:46 PM - Edit history (1)

from David Cay Johnson:

If you are among the 20 million Americans saving for retirement through Vanguard, you may be in for an expensive shock. The nation’s second-largest mutual fund company (after Fidelity) is under fire for not taking more of your money. That sounds ridiculous, but based on arcane provisions of the endlessly complex U.S. tax code, the Pennsylvania-based company may soon be forced to pay a staggering amount of back taxes because of the famously low fees it charges to manage your nest egg.

http://www.newsweek.com/vanguard-whistleblower-tax-dodge-complaint-400901

9 replies

= new reply since forum marked as read

Highlight:

Vanguard Investors May Be In For a Shock [View all] lordsummerisle Dec 2015 OP

Hmm. Fidelity's 500 Index Fund has a 0.05% expense ratio progree Dec 2015 #1

What bothers me about this story lordsummerisle Dec 2015 #2

I think something of that magnitude is about as likely to happen as a big rise in the capital gains progree Dec 2015 #3

I was thinking the same thing lordsummerisle Dec 2015 #4

This message was self-deleted by its author A HERETIC I AM Dec 2015 #5

This message was self-deleted by its author progree Dec 2015 #6

This message was self-deleted by its author A HERETIC I AM Dec 2015 #7

Let me get this straight. klook Jan 2016 #8

My thoughts as well. n/t lordsummerisle Jan 2016 #9