It's Your Money: How to Find Out How Much You're Paying in Retirement Plan Fees
Fees could be eating away at your retirement plan, but there are steps you can take to minimize the loss.
It's Your Money: How to Find Out How Much You're Paying in Retirement Plan Fees
Overview
If you're like an estimated 4 out of 10 people, you're not sure how much your retirement plan costs. And it makes sense -- chances are, your day-to-day life is chock-full of activities that keep you hopping, and you don't have a lot of spare time available to dig into retirement plan details. If that's the case, you may not be aware of how much money you're losing annually to hidden retirement plan fees.
The total amount you pay in fees is called the "expense ratio," and that's the precise figure you're looking for. While opinions may differ regarding what a "fair" ratio is, here are the typical expense ratios for different fund types:
Details
Fund Type
Source
Originally published at www.fool.com.
