Comments on: Am I Paying Too Much for My 401(k)? http://www.thesunsfinancialdiary.com/personal-finance/am-i-paying-too-much-for-my-401k/ Fri, 20 Nov 2009 19:09:54 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: My First Carnival of Personal Finance Participation http://www.thesunsfinancialdiary.com/personal-finance/am-i-paying-too-much-for-my-401k/comment-page-1/#comment-46067 My First Carnival of Personal Finance Participation Sun, 02 Nov 2008 02:02:26 +0000 http://www.thesunsfinancialdiary.com/2006/11/12/am-i-paying-too-much-for-my-401k/#comment-46067 [...] Am I paying too much for my 401(k)? in which  I took a look at the fees I paid for the four mutual funds in my 401(k) account and explained what those fees are and how and where you can check yours. [...] [...] Am I paying too much for my 401(k)? in which  I took a look at the fees I paid for the four mutual funds in my 401(k) account and explained what those fees are and how and where you can check yours. [...]

]]> By: The Sun http://www.thesunsfinancialdiary.com/personal-finance/am-i-paying-too-much-for-my-401k/comment-page-1/#comment-353 The Sun Tue, 21 Nov 2006 18:11:36 +0000 http://www.thesunsfinancialdiary.com/2006/11/12/am-i-paying-too-much-for-my-401k/#comment-353 Hi Donna: It's true that when it comes to 401(k) investments, most of the time we simply don't have the options to choose low-cost funds due to the structure of the plan. But it's a good idea of talking to the employers about our concerns on the costs of our retirement. If every employee tells the company to get low-fee funds instead of using funds from loads, the company may listen and give everybody some better options on how to invest their money. Hi Donna:

It’s true that when it comes to 401(k) investments, most of the time we simply don’t have the options to choose low-cost funds due to the structure of the plan. But it’s a good idea of talking to the employers about our concerns on the costs of our retirement. If every employee tells the company to get low-fee funds instead of using funds from loads, the company may listen and give everybody some better options on how to invest their money.

]]> By: Donna http://www.thesunsfinancialdiary.com/personal-finance/am-i-paying-too-much-for-my-401k/comment-page-1/#comment-351 Donna Tue, 21 Nov 2006 10:47:48 +0000 http://www.thesunsfinancialdiary.com/2006/11/12/am-i-paying-too-much-for-my-401k/#comment-351 Hi. The fees can be very painful. I have Vanguard which is traditionally viewed as low fee and my ER's are from .18-.25 depending on my fund (very low). But we checked out my husband's choices, and his fund actually had a load -- an up front expense to buy into the fund. It was 4.75% and then the ER was something like 1.85%. Thus, to make money, he had to first make almost 6%. Nuts! We changed him to the lowest fee funds we could (and tried not to cry over the other funds' fees) and he spoke to his bosses. The company is now looking into the choices, etc. to try to give better, lower expense funds, as options and to avoid, altogether, these high front-loaded funds. Only ignorance stops us from making better choices. But employers really need to get on the ball about what they are asking their employees to invest in. Hi. The fees can be very painful. I have Vanguard which is traditionally viewed as low fee and my ER’s are from .18-.25 depending on my fund (very low). But we checked out my husband’s choices, and his fund actually had a load — an up front expense to buy into the fund. It was 4.75% and then the ER was something like 1.85%. Thus, to make money, he had to first make almost 6%. Nuts! We changed him to the lowest fee funds we could (and tried not to cry over the other funds’ fees) and he spoke to his bosses. The company is now looking into the choices, etc. to try to give better, lower expense funds, as options and to avoid, altogether, these high front-loaded funds.

Only ignorance stops us from making better choices. But employers really need to get on the ball about what they are asking their employees to invest in.

]]> By: Everybody Loves Your Money » Blog Archive » Carnival Of Personal Finance #75 http://www.thesunsfinancialdiary.com/personal-finance/am-i-paying-too-much-for-my-401k/comment-page-1/#comment-337 Everybody Loves Your Money » Blog Archive » Carnival Of Personal Finance #75 Mon, 20 Nov 2006 03:26:19 +0000 http://www.thesunsfinancialdiary.com/2006/11/12/am-i-paying-too-much-for-my-401k/#comment-337 [...] The payments on this article are low and you can get this article for no money down: Sun over at The Sun’s Financial Diary discusses the fees he has to pay in his 401k.  I wish I had more choices in my 401k, but am actually pretty happy with the fees in mine. [...] [...] The payments on this article are low and you can get this article for no money down: Sun over at The Sun’s Financial Diary discusses the fees he has to pay in his 401k.  I wish I had more choices in my 401k, but am actually pretty happy with the fees in mine. [...]

]]> By: My First Carnival of Personal Finance Participation - The Sun’s Financial Diary - Accumulating wealth is like building The Great Wall, one brick at a time http://www.thesunsfinancialdiary.com/personal-finance/am-i-paying-too-much-for-my-401k/comment-page-1/#comment-320 My First Carnival of Personal Finance Participation - The Sun’s Financial Diary - Accumulating wealth is like building The Great Wall, one brick at a time Sat, 18 Nov 2006 15:24:25 +0000 http://www.thesunsfinancialdiary.com/2006/11/12/am-i-paying-too-much-for-my-401k/#comment-320 [...] Am I paying too much for my 401(k)? in which  I took a look at the fees I paid for the four mutual funds in my 401(k) account and explained what those fees are and how and where you can check yours. [...] [...] Am I paying too much for my 401(k)? in which  I took a look at the fees I paid for the four mutual funds in my 401(k) account and explained what those fees are and how and where you can check yours. [...]

]]>