Our daily roundup of retirement news your clients may be thinking about.
Over 90% of Americans make this 401(k) mistake Roughly 92% of 401(k) participants are unaware of the fees they pay in their plans, according to this article on Motley Fool, which cited a study by NerdWallet. This could mean many of them could lose a substantial amount of retirement savings, as many 401(k) plans charge hefty fees. To minimize the cost, clients are advised to review their investments' expense ratios and shift to options with lowest ratios, such as passively managed index funds.
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