Check out Investorwatchdog.com
Posted: May 5th, 2009 | Filed under: Blog | Tags: 401k, investorwatchdog.com, Lee, lee munson, Munson | No Comments »I just did my first piece for www.investorwatchdog.com. For my first blog, I wanted to underline the issues with 401K fees. Our firm has tried to come up with a better mousetrap, but many of the fees involved are a necessary component. The best we can do is keep them low, be upfront, and educate the participants. So far, we have had no takers, which just goes to show some people really don’t want to know what is in the hot dog!
Exactly what does my 401K costs me in fees and expenses every year? Good question! Recently, 60 Minutes aired a segment on the problems with 401K plans-little advice, conflict of interest and lack of disclosure. The CBS Evening News followed with another look at the way the plans are structured, hidden fees, and lack of choices.
You can read the whole story here.
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