4 ms·
> and most did not or could not contribute to 401ks in any meaningful fashion) burying the lede here, killer. to be clear, the 2% mgmt fee in a lot of 401k pl
by red-iron-pine 3y ago
> and most did not or could not contribute to 401ks in any meaningful fashion)
burying the lede here, killer.
to be clear, the 2% mgmt fee in a lot of 401k plans is terrible and is absolutely scamming the average folks.
but you can't retire on something you didn't contribute to, either because you didn't or couldn't.
- toomuchtodo 3y agoSome improvements are in flight. https://www.cnbc.com/2023/10/31/biden-administration-to-crack-down-on-junk-fees-in-retirement-plans.html https://www.cnbc.com/2023/10/31/biden-administration-to-crac... https://www.whitehouse.gov/briefing-room/statements-releases/2023/10/31/fact-sheet-president-biden-to-announce-new-actions-to-protect-retirement-security-by-cracking-down-on-junk-fees-in-retirement-investment-advice/ https://www.whitehouse.gov/briefing-room/statements-releases...