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We have Vanguard in our 401K. There is a feature in there that will rebalance for you automatically. They buy and sell for you on the schedule of your choosing. No cost.

So you are paying for them to do something that they do for free anyway. The difference is that I have to select my own asset allocation instead of the fund doing it for me. I think there are tools on their website to help with that too.

So the extra basis points are basically the cost of 5 minutes of time once. If you want to adjust your allocation over time it's 5 minutes maybe every couple years.
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