ARE YOU RUNNING AN INVESTMENT RACE ON A FAT HORSE?
IF THE MAN WHO DESIGNED THE MODERN 401(K) SAYS IT FAILS MOST AMERICANS, HOW MUCH SHOULD YOU RELY ON IT TO PROVIDE A SAFE, PREDICTABLE RETIREMENT INCOME?
You may be shocked at what management fees and commissions will do to your retirement accounts in the long run. According to the US Department of Labor a 1% difference in fees may reduce your account balance by 28% over time.
401(k)'s often contain unknown fees such administration fees, re-balancing fees, 12(b)1 fees and more. Matching employer contributions are tempting to accept. However, contributing your own money to 401(k)s, 403(b)s and other ERISA plans may not be your best option even when your employer is providing matching or non-matching contributions.
It may surprise you to learn the modern 401(k) plan was never meant to be the main source of retirement income...
"Hey, if I were starting over from scratch today with what we know,
I'd blow up the existing structure and start over."
--Ted Benna, Father of the Modern 401(k)--
“Do you really want to invest in a system where you put up 100 percent of the capital, you, the mutual fund shareholder, you take 100 percent of the risk, and you get 30 percent of the return?”
-John Bogle, Founder, Vangard Funds, PBS Frontline Report April 23, 2013