Did you know that most retirement accounts include hidden fees that can eat up nearly 30%* of your savings over time?
At Rebalance, we want you to know everything about your fees. So here are two emails that are written to get the complete picture on your fees from your employer, your broker, or your advisor. By using these carefully written emails, these folks can’t evade or avoid the truth. Cut, paste and modify these as you see fit.
*From the Department of Labor website. “Let's take a quick look at how fees can affect you: Assume that you are an employee with 35 years until retirement and a current 401(k) account balance of $25,000. If returns on investments in your account over the next 35 years average 7 percent and fees and expenses reduce your average returns by 0.5 percent, your account balance will grow to $227,000 at retirement, even if there are no further contributions to your account. If fees and expenses are 1.5 percent, however, your account balance will grow to only $163,000. The 1 percent difference in fees and expenses would reduce your account balance at retirement by 28 percent.” http://www.dol.gov/ebsa/faqs/faq-disclosures.html