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Be Wary of Your 401(k) Plans


#1 detectiveconan16   Delicious! CAGiversary!   7184 Posts   Joined 15.5 Years Ago  

detectiveconan16

Posted 19 October 2015 - 10:34 AM

Some of you CAGs may have these plans already, but does one actually pay attention to the terms and conditions of their 401(k)s? I just listened to a story about how compounded fees and interests are eating away at these retirement savings, and basically it says that companies will misrepresent how much will be taken out of these plans. 2% may seem like nothing, but it does add up over time. http://www.npr.org/2...-401-k-nest-egg

 

I guess, invest in a better mattress?