Rejoice! A new rule requires that your 401(k) provider tell you when it’s charging your certain fees. Yay! How can you save for retirement and you have no idea just what is eating away at your savings?
You will learn about theses fee disclosures by Aug. 30.The Labor Department is instituting these new requirements in order to boost transparency and help participants and employers compare retirement plans and shop around for the best option, says CNN Money.
Airline fees, bank fees or 401(k) fees shouldn’t be taken lightly. The first step is knowing!
Happy Fee-less Friday, Frugalistas!!