Where is this information coming from?does anybody have feedback on the 401k changes????? Looks like we are paying for everything now.
Where is this information coming from?
Still T.Rowe PriceWho are they moving it to?
Yeah, that's what the book in the mail said too. I guess I didn't see anything about choices being more limited than they are now, and with the lower fees, you should be keeping more money.The email I read said lower fees and a higher yield.
It's always comforting to know that the expert investor's fees have been lowered, and now some jackass in his mother's basement in making your financial investments for you. But hey, at least the "fee" is lower.Not surprised. But this is not a good thing.
It's always comforting to know that the expert investor's fees have been lowered, and now some jackass in his mother's basement in making your financial investments for you. But hey, at least the "fee" is lower.
Better keep an eye on it before and after the change. A similar thing was done here at FedEx. Now we only have 8 poor performing Vanguard mutual funds to invest in. There are over 60 possible funds available to an investor off the street. There are plenty of "lower cost" plans we could invest in from Vanguard but we are not allowed access to those. These plans we are prevented from using have higher returns compared to the negative returns our current offerings have. Lower fees are not always good.
That's not what has changed. I linked the info. It's the same guy running the same investment. What has changed is your relationship to the investment and your loss of all rights to it.
I took the info to my financial advisor. He said poor choices and all fees have put on us.