Tag: Fees
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401(k) Fee Disclosure Bill
This week the House Education & Labor Committee introduced the Fair Disclosure for Retirement Security Act of 2009, a bill that would require your 401(k) plan to clearly state all fees that it charged. Currently, the law doesn’t require your plan administrator to disclose all the fees and it’s often very difficult to find this…
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How To Buy Annuities
Annuities aren’t all bad. They get a bad reputation because some of them charge high fees and are bad investments, but the idea behind an annuity isn’t bad at all. For many, it’s a way to turn retirement savings into a constant and reliable stream of monthly income similar to a pension, so that you…
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10 Rules: Watch the Watcher’s Prices
A mutual fund usually has an expense ratio, that is, a percentage of its assets that it collects for administrative fees and “expertise.” The actively managed funds generally have higher fees because you’re paying the manager to be good at his job. Passively managed funds generally have lower fees because you’re basically paying for the…