401(k) Fees: You’ll Pay Now or Pay Later, But You Will Pay
Date: Dec 01 2012
Filed under: Retirement, Investing
For most people, a 401(k) is almost an ideal investment. Simply by filling out the paperwork for a typical plan, you get:
- Autopilot investing with every paycheck
- An immediate tax deduction
- The possibility of an employer match
- Tax-deferred compounding
- Decent diversification
Plus, it’s all in one convenient package, administered by your employer.
The only problem is the costs. 401(k) plans are not cheap to manage. Unlike with a typical brokerage account or even an IRA,…
401(k) Fees: You’ll Pay Now or Pay Later, But You Will Pay originally appeared on DailyFinance.com on 2012-12-01T06:00:00Z.
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