Latest / Durham News Today | 2 Min News | The Daily News Now!
The Hidden Tax on Your Retirement | Durham News
Most 401(k) holders don’t realize how much fees are eating into their retirement savings—71% can’t even name their plan’s total annual costs. Small fees compound over time, turning into massive losses: a 0.5% fee can slash your retirement balance by 28% compared to a 1.5% fee. Even with required fee disclosures, confusion lingers. Fees include investment, administrative, and service charges—all deducted directly from your account. The fix? Review your annual fee disclosures and quarterly statements, compare fund expense ratios, and ask your HR or plan administrator. Choosing lower-cost funds…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.