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.
Tag Archive | "401k"
High fees eroding 401(k) retirement accounts
Posted on 26 June 2014.
Posted in Finance & Work, Your MoneyComments (0)
Fidelity issues new retirement savings guidelines
Posted on 18 September 2012.
By Dave Carpenter Fidelity Investments has issued new savings guidelines suggesting that workers save at least eight times their final salary in order to meet basic income needs in retirement. In the set of age-based targets, Fidelity says employees should have the equivalent of their annual salary in savings by age 35 in order to […]
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Government: 401(k) fee disclosures may be electronic
Posted on 15 September 2011.
Workers with 401(k) retirement accounts are due to receive improved disclosures about the fees they’re paying. The Department of Labor has mandated such disclosure beginning next year and said the information may be delivered electronically by email or through a secure website. Electronic delivery has been a big issue for many of the companies that […]
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Who will inherit your IRA?
Posted on 27 September 2010.
Most people name a beneficiary when they open the account and designate a spouse or children. Therefore, when they die, the money goes to a spouse or the children. Sounds easy, right? (Not so fast).
Posted in Legal MattersComments (0)
Five steps to protect your 401(k) during market activity
Posted on 27 August 2010.
It’s been a harrowing ride in the stock market lately. So much so that it’s prompted scores of investors to pull money out of the market and park it in bonds or other fixed-income assets.
Posted in Finance & WorkComments (0)
Labor officials release new rules on 401(k) fees
Posted on 16 July 2010.
Workers with a 401(k) retirement account will soon know exactly how much they’re paying in fees.
Posted in FeaturesComments (0)