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Subject:  Re: Bonds. Lotsa Bonds. Date:  9/15/2013  3:38 PM
Author:  BruceCM Number:  72865 of 98909

They offer this service gratis....

There's your first warning sign. Nothing is free.

You don't mention specific funds, but I'd assume the TIAA-CREF muni fund they're recommending is TIXRX? If so, you'd be paying .55% plus the fund's .63% ER = 1.18%.

If you're holding these muni bond funds for their interest you require as retirement income, then the picture looks even worse. Per the most recent annual shareholder's report, the income expense ratio is 19.3%, meaning the total of the interest income the fund receives, 24.8% will go out in expenses.

Pretty expensive.

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