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More Emphasis on Investment Costs
The financial advisors at Net Worth Advisory Group are strong believers in full disclosure. We strongly believe every investor should know exactly what they are paying, and should receive value and service that is equivalent to that fee.
The sad reality is, most investors have no idea what fees they are paying, and to who. Take your 401(k), for example. Some may realize that they have to pay the managers of the mutual funds they invest in. Others, because they never write the manager a check and the money comes directly out of their investment account, do not. Right now, the average US stock mutual fund charges 1.31% annually.
However, the fees don’t stop there. To learn about the other fees being deducted from your 401(k) and other investments, visit Lon’s financial planning blog.