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Many employees find themselves forced to select between a narrow selection of mutual funds from their employee provided RSP. Unless they forego their employee
by orbitingpluto 8y ago
Many employees find themselves forced to select between a narrow selection of mutual funds from their employee provided RSP.
Unless they forego their employee contribution to the RSP, they have very little flexibility.
- waterphone 8y agoLow quality fund options in employer provided retirement account are a problem, but in the U.S. you can roll it over into a self-controlled IRA at whatever provider you like once you change employers, so for most people the number of years it'd be subject to those higher fee funds is not too high, at least.
- orbitingpluto 8y agoI completely agree with everything you said. But not everyone can do a triple flip with a half twist while navigating the financial system. i.e. I think I reworded my original comment in reverse.
- waterphone 8y agoIt's not very complicated at all, the issue is more a lack of education. Online personal finance resources and communities help a lot, but people still have to know to seek out that information.