Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Fans of Jack Bogle, the legendary Vanguard Group founder, may be in for an unwelcome surprise: The mutual fund giant is facing claims that it doesn't charge enough for its management services.
Yes, you read that correctly. According to legal and regulatory claims from former Vanguard employee David Danon, the fund company's famously low fees are allegedly the result of an illegal tax strategy.
The potential fallout, according to a tax expert who is working with Danon, is a bill from the IRS for back taxes of up to $34.6 billion and, for Vanguard investors, the specter of much higher fees. The typical expense ratio for Vanguard funds, which now stands at an ultralow 0.18 percent, could more than quadruple to as high as 0.82 percent, according to the tax expert's assessment.
There's always iShares and the SPDR group of funds.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
