4 ms·
I once had an employer who gave away .5% of my 401k every year to a no value add consultant who selected the overpriced funds. I lost 1% every year I didn't rol
by arielweisberg 13y ago
I once had an employer who gave away .5% of my 401k every year to a no value add consultant who selected the overpriced funds. I lost 1% every year I didn't roll into an IRA, but it beat having the principal taxed @ 25%.
I wonder where the inflection point is where you are better off investing after tax.
- joe_bleau 13y agoAnnoying, isn't it? Every time Frontline or one of the major networks runs a scare story about how much money people are losing due to high fee 401k plans, I get angry. Not so much at the lost money, but that the 'in-depth journalism' never seems to bother with any suggestions on what to do if you're in one of those crummy plans. (To be fair, I guess "quit and go to work for Google or Goldman" wouldn't go over well, either...)
- saryant 13y agohttp://www.bogleheads.org/wiki/How_to_campaign_for_a_better_401(k)_plan http://www.bogleheads.org/wiki/How_to_campaign_for_a_better_...