Wednesday, May 11, 2016

Hidden 401K fees

Watch out for hidden fees. Most people don't do the math, and the fees are hidden.

Watch this:
"If you made a onetime investment of $10,000 at age twenty and assuming 7% annual growth rate over time, you would have
$574,464 by age 80. 
But, if you paid 2.5% in total management fees and other expenses, your account balance would be only $140,274 over the same time period." 
( Jack Bogle- Founder of the Vanguard Mutual Fund)

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