April 14, 2014

High fees eat up investment returns

“401(k) fees of just 1% per year could eat up $70,000 of an average account over a 40-year working life, compared with lower-cost investments. The Center for American Progress report says that to make up the loss, workers would have to stay on the job three years longer than planned.” SO… pay attention to the fees you are being charged for your investments, whether in an employer sponsored plan, an IRA or other investments, including the management fees charged by advisors. Get the details at: http://www.cnbc.com/id/101578597

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