How would you like to only have to save half as much as you otherwise would for retirement? The author of today’s article outlines how you can turn that fantasy into a reality with proper fee management, pointing out that “You lose over half a million dollars just from [a] small difference in fees, because small amounts multiplied over 40 years always become big amounts at the end. Everyone loves talking about how compounding interest is key to building wealth, but it cuts both ways. Fees compound, too.” For more, CLICK HERE.
In this case a race to the bottom is a good thing: In an effort to attract new customers and increase market share in an extremely competitive business, mutual fund companies are battling it out for who can offer the lowest-cost ETF – and the resultant rock-bottom fees are great news for retirement savers. The author of today’s article highlights some of the cheapest funds available and provides advice on how to use them effectively in a portfolio. To read more, CLICK HERE.