MFOHome About Commentary Discussions Funds The Best Resources Support Us!

Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Sign In Register

Categories

In this Discussion

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

What You're Really Paying In 401(k) And IRA Fees

TedTed
in Fund Discussions
FYI: (Follow-Up Article)

You’re probably paying more than you realize.
A recent study by the Federal Reserve, the Survey of Consumer Finances, found that Americans’ retirement savings in IRA and 401(k) plans are not quite as solid as they should be. If you're going to be successful with your retirement savings, it is critical that you understand the fees and expenses you are incurring.

Regards,
Ted
http://www.marketwatch.com/story/what-youre-really-paying-in-401k-and-ira-fees-2014-09-29/print

Comments

  • AKAFlack
    Let’s face it; 401(k) sponsors are thieves.
    Company executives and their HR people are accomplices.

    None of these people make it a point to emphasize
    or explain in detail what plan participants are paying.

    If the HR department or the investment committee sent
    a letter or e-mail to each plan participant at the end of the year
    stating, “This is the amount of dollars you’ve paid this year”,
    people would see how the thieves are robbing
    their retirement savings.

    Of course, the letter/e-mail would actually be more helpful
    if it said something like, “And here’s how you could
    reduce these costs”.
    But that would be the suppression of the heterodoxy.

Sign In or Register to comment.