Fee-Only Advice Cazenovia, NY
Despite Variable Annuities (VA) high fees and hefty commissions for insurance salesman, they can make sense in select cases. According to Mason Dinehart III, a national expert witness and consultant for litigation and arbitration involving securities, insurance and annuities, variable annuities should be viewed as strictly supplemental retirement investments. These VA’s are generally quite expensive […]
This article in the Washington Post lays concisely lays out how sponsors/employees in many cases are paying a lot more than they think for their 401 (k). It isn’t unusual to find 401(k) plans with total costs paid by the participant exceeding 3 percent of account total annually, with investment choices limited to subpar proprietary […]
One of classic retorts that we hear from potential retirement plan clients is: “We don’t pay our plan adviser/broker.” Our response to that is that if you don’t know how much your plan broker or adviser are being paid, or better yet how they are being paid, you probably paying a lot. What many 401(k) sponsors […]