Brennan emphasized the advantages of switching to ETFs, stating, "The first is, the expense ratios on the actual funds themselves are slightly cheaper, so there's a savings there." This illustrates a straightforward financial benefit of lower fees with ETF investments compared to their previous index funds.
In a discussion about tax benefits, Brennan explained, "ETFs may offer tax savings when compared to index funds. ETF investors are taxed only when they sell the investment," highlighting a key advantage, particularly for long-term investors.
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