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To: Joan Osland Graffius who wrote (50967)	12/23/2000 8:59:09 PM
From: yard_man	Read Replies (1) \| Respond to of 436258

Joan, I'm tippet (older than Heinz, but probably not any wiser <g>) -- you are right about the management fees -- when they are hidden they don't seem so bad -- but when they are made explicit they seem high. I think a typical fund has ~1 - 1.5% fees, but on the minimum amount ($5000) they are going to charge an administrative fee of $10/month that works out to 120/5000 or 2.4% -- stiff by anyones measure -- as I said I don't have much money in the thing having been there only a year and a half, though I defer enough to get the maximum 50% matching amount. If one has a lot more say 50k or 100k in the thing it's not as big a deal, but it seems like it ought to be more on a percentage basis ... I have such a strong aversion to debt -- my mortgage is a 7% loan I took out last year. I hope to be out of in less than 7 years. I quit telling folks around me about my desire and plan to be debt-free as soon as possible. They all tell me I'm stupid -- you can make so much more investing (i.e. better than 7%) than paying off debt. Maybe I won't look so stupid to them in a year or two ...