http://online.wsj.com/article/SB10001424052970203920204577193444258923460.html?mod=WSJ_hp_LEFTWhatsNewsCollection
The rules governing America's most popular retirement are about to change. Currently, it is difficult for many 401k participants to determine how much they are paying in fees. These fees typically vary in size and type, and due to the length in time involved in retirement accounts, a small percentage change in an annual fee can make a big difference in the investment performance. However, recently, analysts and companies in the industry have been saying that increased disclosure will allow companies to negotiate better deals and employees to request more cost-efficient plans. I think this is a very good idea. If there is a way that retirement investment funds can become more efficient I am all for it.
This sounds like a great thing for everyone. For many Americans, the idea of retirement was severely hurt by the past recession and this will hopefully help make that idea a reality again.
ReplyDeleteIt will be interesting to see if any problems arise from a new plan. Seems to me that there will be a few unexpected bumps in the road! But, hopefully this will help answer the problems that we have been having in the past!
DeleteI agree this it is a great idea to have more transparency with people retirement plans.
ReplyDelete