Whell remains quiet as a dormouse.
Most Investors Don't Bother To Manage Their 401K.
Don't Bother With That High Cost 401K.
Quote:
Suppose your account with a balance of $20,000 earns 7% a year, with fees equal to 0.5% a year. Over 20 years, the balance would be worth about $70,000, according to a report from Congressional Research Service. Were the fees 1.5% a year — near the industry median, according to the Investment Company Institute, or ICI — the balance would amount to $58,000, or 17% less.
Are Fees Draining Your 401K?
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The average fund expense ratio in our portfolio is .06%, not .6,
.06. The only fees we have is a 7 buck charge per sales transaction. Our average sale is $10,000, the sales fee accounts for another .0007% of cost.
I'm gonna make a bold statement. If the point of all this is to maximize what we will have available for our retirement, a 401K may not be the best program for
most folks.