Earlier this week Fidelity announced that, effective immediately, they would be reducing the minimum investment on their “Spartan” index funds from $10,000 to $2,500. And they’re reducing the minimum investment for the (even lower-cost) “Advantage” share class of those same funds from $100,000 to $10,000.
In addition, effective January 1, 2013, they’ll be (slightly) reducing the expense ratios on several of those same index funds.
Sounds like good news to me!
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Thanks for reading!
Hi. I'm Mike Piper, the author of this blog. I'm a CPA and the author of several personal finance books. The point of this blog is to show that investing doesn't have to be complicated. 
I was interested in the Fidelity Freedom Index funds you mentioned. I tried the Fidelity Freedom Index 2020 FD CL W (ticker FPIFX) and found that, per Fidelity: ” Class W shares of the fund generally are available only to employer-sponsored retirement plans (including profit sharing, 401(k), 403(b), 457(b), and similar plans) for which an affiliate of FMR provides recordkeeping services. Plan participants may purchase Class W shares of the fund only if Class W shares are eligible for sale and available through their plan.”