Five-Minute Win
This week’s Five-Minute Win: Check your 401(k) expense ratios.
Log into your retirement account and look at the investment options. Find the expense ratio on the funds you own.
If you’re paying 0.80% or 1.00% each year when there’s a broadly diversified index fund available for 0.03%, that tiny percentage difference can quietly cost you tens or even hundreds of thousands of dollars over your investing lifetime.
Sometimes the biggest improvements come from paying attention to the smallest numbers.
Take five minutes today. Your future self will be glad you did.
Do you know what you’re paying to invest your retirement savings?
The Cheeseburger Doesn’t Taste Better