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The Truth About Personal Finance (Collection) by Kay S. Bell, Steve Weisman

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Truth 25. 401(k) fees

My mantra has always been that for any investment, it is not what you make that is important; it is what you keep. An investment that initially may appear to be quite profitable, may, in fact, be quite the opposite when you consider how fees can reduce the value of that investment.

An additional 1% of fees may not seem like much, but when you consider the double-edged sword represented by excessive fees that not only reduce the amount of your money working for you today but also take away the value of that money compounding through many tomorrows until your retirement, the effect can be tremendous. Additional 401(k) fees of a mere 1% over your working career can effectively reduce the amount that you have in ...

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