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Reply to "NPR story today on 401Ks and hidden costs"
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[quote=Anonymous]Anyone listen to this? Just wondered what you "money minded" people think. The story aired today and suggested that hidden fees in 401Ks (often 1% per year, taken *every* year, on the fund) can amount to as much as 30% of what you put in by the time you retire (and this taken into account growth that would have happened had you kept the 1% and grown it in some way over the years). He suggested index funds as an alternative without the fees. Don't quote me. I didn't understand all of it but that was the gist. [/quote]
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