4/12/2014 – High fees eroding many retirement accounts (CNBC)

Apr 14, 2014 No Comments by

It’s the silent enemy in our retirement accounts: High fees.

And now a new study finds that the typical 401(k) fees — adding up to a modest-sounding 1 percent a year — would erase $70,000 from an average worker’s account over a four-decade career compared with lower-cost options. To compensate for the higher fees, someone would have to work an extra three years before retiring.

Read the full article at CNBC.


Financial Landing 2014

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