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John Oliver says these retirement savings mistakes could really mess you up
Mostly old news here but I'm hoping Ted will be on the lookout for an Oliver amusing video to follow. Now I have to go find and watch the one on 'medical debt'. Is it just me or is this guy one of the funniest comics going.
The annuity wrapper fees are used to get the participants to pay all the fees for administering the plan. That's so the employer doesn't pay a share of the fees, which makes it an easy sale to employers, especially small ones.
Watch carefully, and you'll see that 1.69% is exclusive of funds' ERs (i.e. asset management fees).
Yes, John Oliver is funny. I guess for some people, his moments of extreme inappropriateness and poor taste actually add to the humor. For me, they detract from it, but I can enjoy the rest.
The first time my wife hears one of those violations of common decency, she is absolutely done and doesn't want to hear another word.
Yes, John Oliver is funny. I guess for some people, his moments of extreme inappropriateness and poor taste actually add to the humor. For me, they detract from it, but I can enjoy the rest.
The first time my wife hears one of those violations of common decency, she is absolutely done and doesn't want to hear another word.
If he didn't have an accent would he still be funny? I don't enjoy him; he is too strident in his presentation.
I watched that show and thought that was pretty funny. In fact it is sad how these investors are taken by John Hancock (or any other insurance companies) as their 401k plan administrator.
Comments
Regards,
Ted
John Hancock-sponsored plan charged asset management fees of 1.69 percent
JH is an insurance company; it is selling annuities as retirement plans ((all the footnotes on the 401(k) page describe annuities).
http://www.johnhancock.com/products/401k.html
The annuity wrapper fees are used to get the participants to pay all the fees for administering the plan. That's so the employer doesn't pay a share of the fees, which makes it an easy sale to employers, especially small ones.
Watch carefully, and you'll see that 1.69% is exclusive of funds' ERs (i.e. asset management fees).
The first time my wife hears one of those violations of common decency, she is absolutely done and doesn't want to hear another word.
Regards,
Ted