401k fees – The Cost of Your 401(k) Plan After Retirement
There can be no question that saving for your own retirement is a financially sound and important thing for you to do, and one of the most common and popular methods of doing this is by investing in a 401K plan at your place of work. But what you may not know is that not all 401K plans are the [...]
Categories: 401k plan, financial advisor fees Tags: 401k fees, 401k plan, 401k plan fees
Most Investors Don’t Know What They Pay Their Retirement Advisor
Years ago, I explained to a prospective client that my annual fee to manage her portfolio would be 1% of the portfolio. She replied, “why would I pay that when I don’t pay anything for my mutual funds.” Unfortunately, this public ignorance of what investors pay their retirement advisor is pervasive. In fact, you’d be shocked to know that even [...]
Categories: financial advisor fees Tags: retirement advisor fees
Most Investors Don't Know What They Pay Their Retirement Advisor
Years ago, I explained to a prospective client that my annual fee to manage her portfolio would be 1% of the portfolio. She replied, “why would I pay that when I don’t pay anything for my mutual funds.” Unfortunately, this public ignorance of what investors pay their retirement advisor is pervasive. In fact, you’d be shocked to know that even [...]
Categories: financial advisor fees Tags: retirement advisor fees
Financial Advisor Fees — How They Really Work
There are 3 ways that financial advisors or retirement advisors can charge in the US: They can charge commissions based on transactions. For example, when you buy or sell a stock or a bond. The typical fees to a full service firm ,e.g. Merrill Lynch, where you value their research and recommendations, maybe 2% for a transaction. So if you [...]
Categories: commissions, financial advisor fees Tags: financial advisor fees
