The Risk of Your Retirement Being Jeopardized by 401K Fees ⚠️

This is the real reason your 401K is not growing as fast. To watch an in-depth video, watch this 👇🏻 ⚡️CASH FLOW MARKETPLACE ○ #shorts...(read more)

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As you plan for retirement, you likely rely on your 401(k) as a crucial component of your future financial stability. However, many people fail to fully consider the potential impact of 401(k) fees. These fees can quickly add up and put your retirement at serious risk. The first step is to understand the various types of fees that may be associated with your 401(k). These can include administrative fees, investment fees, and individual service fees, among others. While these fees may seem small, they can add up to significant sums over time. For example, let's say you have a 401(k) with a balance of $100,000 and an annual rate of return of 7%. You could expect to pay approximately $1,000 each year in fees, even if the initial fee appears to be only 1%. Over a 25-year period, these fees could accumulate to $37,000 or more, significantly decreasing the amount of money you have for your retirement. It's also important to note that these fees may not be transparent or easily understood by the investor. Many times, providers only disclose the fees in the fine print, making it easy for investors to overlook their impact. This lack of transparency is problematic and can put investors at a disadvantage when trying to minimize the fees associated with their 401(k). So, what can you do to protect your retirement savings? One of the most crucial steps is to review and evaluate the fees associated with your 401(k) plan. Take a look at your account statements and seek to understand the various types of fees that are being charged. If you are uncertain about the fees, reach out to your plan provider and request a detailed explanation. Additionally, consider working with a financial professional who can assist you in creating a plan to minimize and manage the fees associated with your 401(k). In conclusion, don't overlook the potential impact of 401(k) fees on your retirement savings. These fees may appear small on their own but can add up to significant sums over time. Take the time to review and evaluate your fees, seek transparency from your provider, and work with a financial professional to minimize the fees and protect your future financial stability. https://inflationprotection.org/the-risk-of-your-retirement-being-jeopardized-by-401k-fees/?feed_id=81866&_unique_id=64218e45a3ba0 #Inflation #Retirement #GoldIRA #Wealth #Investing #401k #401kretirement #FinancialIndependenceRetireEarly #FinancialPlanning #investinginyour401k #personalfinance #realestatevsstockmarket #retirementplanning #stockmarket #401k #401k #401kretirement #FinancialIndependenceRetireEarly #FinancialPlanning #investinginyour401k #personalfinance #realestatevsstockmarket #retirementplanning #stockmarket

"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

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