Also in this playlist...
This transcript is automatically generated
Sure 401K plan new regulations may mean more money coming out a year pocket.
Personal finance expert Peter -- is here with -- the top five tips on how to protect your investment here.
-- -- -- -- -- -- So we have really the right moves -- I'm in the for a -- case a region quarterly statements were we looking for starters you gotta read quarterly statements -- -- know what -- paying higher doing relative to the performance of the funds right a lot of -- just.
Wrote these statements that way now that's all this new regulations can be very transparent you'll see it's now that you're starting with intercourse statement so.
Opening well people don't because they've lost so much -- -- -- -- -- But you you just talk about -- you gotta figure out if you're paying too much raised by you know -- 70% of plan participants don't think they're paying any fees for their company's retirement plan.
You are paying fees and they could not -- and it -- 2030%.
And year balance right so what we should do Steve is -- look at apples to apples comparison take like a basic passive index -- like.
An S&P 500 fund compare that in your plan vs another plan if you're paying 75 basis points as Arnold's gonna charge you seven.
My for an IRA.
Ask your car why there's nothing more cattle go ahead and ask that I can't -- say is -- the fund performance you were just describing that speed up -- really -- -- like.
An employee's gonna -- -- I don't talk to.
They should now right.
-- -- the senate judiciary responsibility to make sure that they are providing a plan that is in your best interest and all of the other plan participants they are legally accountable.
That has always been the case but now even more sad because -- regulations so.
I would say hold -- to it you know.
Are you happy with the funds that there are -- -- as are not selection new hitting a variety are kept at the fund's performance -- -- some of these companies are not diversified in Africa are frank.
Just basic fronts and they -- invest in the same types of companies so your portfolio could -- -- that's asked them get -- -- Answer questions here because it's hard to be making money in the stock market right now and if you're not making money there or your four -- -- -- -- good times.
Take a look to take alike are right Barrett thank you very much for dropping by except this is good news --
Filter by section