What to Do If Your 401(k) Plan Has High Fees

What to Do If Your 401(k) Plan Has High Fees Take Your Finances to the Next Level ➡️ Subscribe now: Download FREE Financial Resources from the show ➡️ Sign up for the Financial Order of Operations course ➡️ Download The Money Guy Net Worth Tool ➡️ Our professional focus is on financial planning and investment management, and we leverage our knowledge for your benefit. We help you focus on the things you can control and manage the things you can’t. Visit our site for more info ➡️ Facebook: Instagram: Twitter: TikTok: Let’s make sure you’re on the path to financial success - then help you stay there! The Money Guy Show takes the edge off of personal finance. We’re financial advisors that believe anyone can be wealthy! First, LEARN smart financial principles. Next, APPLY those principles! Then watch your finances GROW! We can’t wait to see you accomplish your goals and reach financial freedom! New shows every week on YouTube and your favorite podcast app. Thanks for coming along on the journey with us....(read more)

LEARN MORE ABOUT: IRA Accounts
CONVERT IRA TO GOLD: Gold IRA Account
CONVERT IRA TO SILVER: Silver IRA Account
REVEALED: Best Gold Backed IRA

If you have a 401(k) plan, you should be aware of the fees associated with it. High fees can eat away at your retirement savings, leaving you with less money in the long run. Fortunately, there are steps you can take to lower your 401(k) fees and maximize your retirement savings. First, it’s important to understand what fees you are paying. Most 401(k) plans have administrative fees, which cover the costs of managing the plan. They may also have investment fees, which are taken out of your account to pay for the services of the fund managers. These fees can range from 0.5% to 1.5% of your account balance. Once you understand the fees you’re paying, you can take steps to lower them. If your plan offers a variety of funds, you can compare the fees and select the ones with the lowest costs. You can also look for funds that have lower turnover rates, which can help reduce your fees. You should also talk to your employer about negotiating lower fees. Many employers are willing to negotiate with their 401(k) providers to lower their fees. You can also ask your employer to offer lower cost index funds, which can help reduce your fees. Finally, you can consider rolling your 401(k) into an IRA. IRAs are typically less expensive than 401(k)s, and they offer more investment options. However, you should make sure to do your research and compare the fees and investment options before making a decision. By taking these steps, you can reduce the fees associated with your 401(k) plan and maximize your retirement savings. It’s important to remember that fees can add up over time, so it’s worth taking the time to understand and lower them. https://inflationprotection.org/what-to-do-if-your-401k-plan-has-high-fees/?feed_id=72682&_unique_id=63f569223c0be #Inflation #Retirement #GoldIRA #Wealth #Investing #budget #buystock #buyinghouse #cash #compoundinterest #creditcard #debt #howtomakemoney #insurance #moneyguyshow #personalfinance #realestate #save #success #WhattoDoIfYour401kPlanHasHighFees #FidelityIRA #budget #buystock #buyinghouse #cash #compoundinterest #creditcard #debt #howtomakemoney #insurance #moneyguyshow #personalfinance #realestate #save #success #WhattoDoIfYour401kPlanHasHighFees

"Is Birch Gold Group a Reliable Choice for Your 2023 Gold IRA Investments?" - A Quick Review #shorts

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a top choice to trust your hard-earned retirement savings. Birch Gold Group’s low initial investment minimum is another edge it has over its competitors whose minimums can range from $25,000 to $50,000. A beginning $10,000 minimum investment is all that is required to start a GOLD IRA with Birch which is advantageous for first-time investors. Spanning nearly two decades, Birch Gold Group’s mission and philosophy focus on a commitment to understanding your needs and finding the right fit for you. Their

New York Times Company Continues to Add Online Subscribers at a Steady Clip

Business News by Timothy Sumer - The company’s first quarter results showed total paid subscriptions reaching 4.5 million. Online ad revenue rose 19 percent, to $55 million, thanks, in part, to “The Daily” podcast. from NYT > Business https://nyti.ms/304QC2w via Timothy Sumer

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom Should I Rollover My 401k to anIRA 🤔 || 401k to IRA Rollover Pro's & Con's In this video, I want to talk about rolling over your 401k to an IRA Rollover and if that makes sense for your retirement planning . I want to look at the pro's to rolling over a 401k and also the con's to rolling over a 401k. When you should rollover your 401k to an IRA and when you should NOT rollover your 401k to an IRA. Let's talk about when you should NOT rollover your 401k to an IRA: 1. You are still working and are under the age of 59.5 2. You are 55 and considering retirement (Rule 55) 3. Increased creditor protection in a 401k 4. 401k's offer loans--IRA's do not offer loans Why you SHOULD rollover your 401k to an IRA 1. More investment choices in IRA over 401k 2. Lower investment fees 3. Convert IRA to Roth IRA (Roth IRA Conversion) 4. Consolidation from multiple 401k'

Timothy Sumer

Search This Blog