I’ve been both a personal finance writer (for magazines like , a weekly podcast for women, by women about money.
Is there a guideline that tells you you’re paying too much?
Not really, but question fees of more than 1% for a passively managed fund.
Your Money columnist Jean Chatzky is financial editor of NBC’s “Today” show, a contributor to “The Oprah Winfrey Show” and the author of seven books, including, “Money 911: Your Most Pressing Money Questions Answered, Your Money Emergencies Solved.” Check out her blog and learn about her Debt Diet Online at
But there’s one part of your life in which the urge for a do-over applies more than most: Your finances — particularly if you’re me.
You’ll pay a bit more for actively managed funds; Alfred said if you hit 1.2%, you’re probably overpaying.
TAILOR MADEMost plans offer target-date funds from only one fund company, so there’s not a lot you can do if you don’t like the company.While they may not opt in to a 401(k), 403(b) or other retirement plan on their own, they likely won’t opt out, either.But if you really want to secure your future, you have to take a more active role.The idea, of course, is to force our inertia to work for us, rather than against us.When it comes to saving and investing, most people prefer a hands-off approach.When you’re automatically enrolled in a plan, the administrator is most likely going to direct your investments into a target-date retirement fund.