Target-date mutual funds run by Vanguard charge an average of 0.18% of invested assets per year. Oppenheimer charge 1.68% of invested assets per year. Oppenheimer investors pay 9.3 times more than Vanguard investors for the same product.
Target-date funds are commonly offered as one-stop investing solutions in 401(k) plans. But be careful of FEES — some funds charge more than 9 times what others charge for the same sevice. Those high fees could delay your retirement by years!
The 401(k) generation is starting to retire and it’s not pretty. The median household lead by a 60 year-old with a 401(k) has LESS THAN ONE-QUARTER of what its need to maintain its standard of living in retirement!
“You would think the total lack of a moral compass — standing alone — would cause you to flee from their offices…”
