This Hidden Expense Could Cost You Thousands of Dollars a Year
Pop quiz: How much are you paying each month for the streaming services you use? Most of you probably know what you're paying or have a pretty good guess. Question No. 2: How much are you paying in 401(k) fees?
You're not alone if you're drawing a blank on that one. A TD Ameritrade survey in 2018 found that only 27% of people knew how much they were paying in 401(k) fees, while 37% of people mistakenly believed they weren't paying any fees at all.
Well, I'm sorry to break it to them, but that's not true. Every 401(k) has fees, and they can add up pretty quickly. Here's what you need to know to determine yours and keep them to a minimum.
Source Fool.com
