Comments on: Professional Investment Advice for your 401(k) http://www.myretirementblog.com/professional-investment-advice-for-your-401k.html Retire happy, healthy and wise. Tue, 07 Feb 2012 11:13:49 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Todd http://www.myretirementblog.com/professional-investment-advice-for-your-401k.html/comment-page-1#comment-68151 Todd Thu, 12 Jun 2008 16:52:22 +0000 http://www.myretirementblog.com/?p=345#comment-68151 I agree that .4% to 1% is a ripoff. The problem here is that most people aren't interested in learning how to invest, or they simply don't have the time. Therefore most people won't know they're getting ripped off, and even the company sponsors who setup this capability probably don't even realize that 1% is a HUGE level of extra expenses. After all 1% is what some of the better actively managed funds charge to pick individual securities and run a mutual fund. My advice: each company should offer to pay their employees $100 for writing a book report on "The Coffeehouse Investor" (or better yet "The Little Book of Common Sense Investing" I agree that .4% to 1% is a ripoff. The problem here is that most people aren’t interested in learning how to invest, or they simply don’t have the time. Therefore most people won’t know they’re getting ripped off, and even the company sponsors who setup this capability probably don’t even realize that 1% is a HUGE level of extra expenses. After all 1% is what some of the better actively managed funds charge to pick individual securities and run a mutual fund.

My advice: each company should offer to pay their employees $100 for writing a book report on “The Coffeehouse Investor” (or better yet “The Little Book of Common Sense Investing”

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