401(k)

A recent headline in the Los Angeles Times managed to rile both supporters and detractors of the 401(k) plan industry’s opaque and often excessive fee structure. Citing new research, The Times asserted that “401(k) Fees Could Reduce Average Nest Egg by 30%.” There is definitely a problem. But that...
06/08/2012
News/Resource
You've been advised to save for retirement using your company's 401(k) plan. The benefits, after all, are significant: Contributions are made with pre-tax dollars, lowering your taxable income each year you contribute. The money you contribute, along with earnings, continues to grow tax-free...
06/08/2012
News/Resource
It’s retirement wonk versus retirement wonk. Americans pay so much in 401(k) fees that they could buy a house with the money?   Not so fast, retorts the American Society of Pension Professionals & Actuaries.   Earlier last week, Demos, a social-issues think tank calling for an...
06/08/2012
News/Resource
With hidden 401(k) fees back in the headlines, financial advisers say that in many cases it just doesn’t pay to leave your money in these plans—especially once you retire or switch employers. Recent findings from Demos, a research group, include this zinger: hidden fees may claim 30% of your...
06/08/2012
News/Resource
Hmmm … 401(k) plans can help you save money for retirement, but they many also cost you more than you realize. According to a new study from research firm Demos, the average American couple pay nearly $155,000 in 401(k) fees in the course of building up their proverbial nest egg; wealthier couples...
06/08/2012
News/Resource
Do you know how much you’re paying in 401(k) fees? Surveys and studies suggest many Americans have no clue. But a report released last week estimates the average American household pays nearly $155,000 in 401(k) fees over the course of a lifetime — or roughly 30% of their 401(k) balance. That’...
06/05/2012
News/Resource
A new format mandated by federal regulators will give investors a more transparent view of the fees they pay and a study released this week suggests many will be shocked by what they see. Demos, a progressive think tank, argues that even in best-case scenarios, fees take an enormous bite from...
06/01/2012
News/Resource
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...
05/31/2012
News/Resource
Here's a question that you probably don't want to answer honestly: What fees are you being charged by your 401(k) plan? Don't feel bad if you haven't got a clue, because that puts you in the majority. An AARP study a few years back found that 65 percent of 401(k) account-holders didn't know they...
05/31/2012
News/Resource
Question: How much money are you paying in 401(k) fees? Answer: Have you thought about buying a home lately? That’s right. According to Robert Hiltonsmith at Demos, a New York based think tank, we could purchase a residence with the amount of money the financial services and retirement...
05/30/2012
News/Resource
Syndicate content