Posts Tagged ‘ 401(k) ’

Wal-Mart 401(k) pays retail – does your 401(k) also?

Dec 31st, 2009 | By Charles L. Stanley CFP® ChFC AIF® | Category: News

“Merrill Lynch, with Wal-Mart’s blessing, was choosing mutual funds based on payments that the funds would make to Merrill Lynch,” says Braden attorney Derek Loeser of Keller Rohrback in Seattle, Wash. “This explains the anomaly of a $10 billion plan ending up with off-the-shelf retail funds that just so happen to share revenue.”
Forbes magazine reports [...]

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Flee 401(k)s Fraught with Frightful Funds and Frivolous Fees

Jun 7th, 2009 | By Charles L. Stanley CFP® ChFC AIF® | Category: 4th Quarter (Age 60+)

If your 401(k) investment options suck or if they are just plain too expensive and eat up your retirement returns while feathering the bed of the plan’s broker, move your money where you can control your investment options and fees.
Let’s say you now age 60, don’t plan to retire from your job until 2014, and [...]

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