We all know high costs and fees will eat into any savings plan. This goes for retirement plans too. That includes all those hidden 401k fees. But there is some good news on the horizon. The new 401k fee disclosure rules will give participants a better idea just how much their retirement plan costs.
The Department of Labor has put together new 401k fee disclosure rules that should shed some light on the costs of your retirement plan. What we are talking about are the 401k fees charged by the plan providers. The folks that manage and maintain your 401k plan need to get paid too. The question of how much will finally be answered.
The overall costs may not seem like much at first. But spread it over your entire working life and the costs only compound. AARP gave a great example of how much a 1.5% annual fee would eat away at your retirement. Continue Reading…
An abundant, cheap energy source sits underground and could be the fuel needed to spur economic growth for decades to come. It’s not oil, though the U.S. is seeing a renaissance in oil production of late. It’s natural gas and there are so many ways to play this energy source.
Safety plays a big role where we put our money. We know the FDIC protects our bank accounts from bank failures, but does anything protect our brokerage accounts? The SIPC insurance coverage is there to protects investors when their brokerage firm fails, assuming the broker is a SIPC member.