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There are more than 50 million Americans with investments in 401(k) and other defined-contribution retirement-savings plans. They’re about to be getting more information about the fees they pay. By one estimate, it could be sobering news. Retirement-plan administrators have to provide detailed
In the media
Kelly Greene
Do you know how much your 401k is costing you? I would wager not, nor have you ever asked your employer about costs or looked in fund documents to find out. Chances are, it’s far too much and it’s eating away your retirement nest egg. Upcoming Labor Department regulations mandating disclosure of
In the media
John Wasik
Retirement plan fees consume nearly one-third (30.3%) of an investor’s potential assets, a paper contends.
In the media
Rebecca Moore
Here's the latest scary retirement statistic. The average American couple could pay nearly $155,000 in fees for their 401(k) plans over their careers, reducing their eventual nest eggs by more than 30%, according to a new report. REPORT: The Retirement Savings Drain: Hidden & Excessive Costs of 401
In the media
Walter Hamilton
Americans are increasingly dependent on credit cards just to put food on the table and keep the lights on, a new study shows. Although we’re doing a better job overall paying our bills on time these days, many people are relying on more easily attainable credit just to keep their heads above water.
In the media
Martha White
Question: How much money are you paying in 401(k) fees? Answer: Have you thought about buying a home lately?
In the media
Helaine Olen
Yikes! The advocacy group Demos reports that a two-income couple — earning a median income over their careers — spends an average of $154,794 during their working lives on 401(k) fees. Fees, Demos says, eats up nearly one-third of their investment returns. A higher income couple pays even more in
In the media
Eileen Ambrose
As wary as the public may be of Wall Street, it is not wary enough because the financial industry rips people off even more than most of us realize -- specifically, in 401(k) fees.
Blog
David Callahan
A median-income, two-earner household will pay nearly $155,000 over the course of their lifetime in 401(k) fees, according to a new analysis by national public policy center Demos.
Press release/statement
Your retirement account statement likely does not tell you this, but fees are adding up on your IRA or 401(k) over time – and they can be substantial, as much $155,000 for a median income, two-earner family over a lifetime. That was not a misprint. In many areas, that amount will buy you a nice home
In the media