Ahh. Then you are currently paying 0.35% (with a $100 a month auto deposit configured) or $3 per month. See this page: https://www.betterment.com/pricing/
Thanks for that link. Although it now seems obvious, I could not find that information yesterday. Today I also confirmed Vanguard's expense ratio on the phone with their customer support.
Personal Capital misreported the fees - it goes on what's been charged so far this calendar year, so it would be incomplete information. I've attached a screen clip of Betterment's current fees below.
So where we're at is:
Betterment is 0.35% up to $10,000 in deposits (I'm under $10k)
It drops to 0.25% over $10,000 and 0.15% over $100,000
So:
- Yes, I can cut fees by moving everything to Vanguard,
- Gains and dividends in the Betterment account are fully taxable, so it's to my advantage to kill it before it gains too much. :-)
- I already have a Roth IRA going at Vanguard, so no point to go Roth at Betterment
There's an important caveat here: Betterment is cheaper if you're investing over $100k with them into, say, a Roth. So I am not troubled by the fact that Pete (MMM) pushed $200k to them - it's cheaper than Vanguard at that point and you get all the good Betterment lovin.
So the suggestion: "Why not do a Roth at Betterment?" makes sense if I'm super-rich and have $100k post-tax to chunk into a Roth.Now, I will admit that I LIKE Betterment, I am annoyed that I can't pick funds there, and that's kind-of a show stopper for me. It seems to make no sense to me that they buy Vanguard funds, but I can go to Vanguard and buy same-or-better for less expense ratio.
So, Crisis Averted.
It makes more sense, for me in my situation, to consolidate to Vanguard.