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Did you know that 19 out of 20 Americans with a 401(k) are paying fees—whether they realize it or not? 😰 Even if your account or advisor doesn’t charge a management fee, there are often hidden costs that can impact your returns over time.
In this episode of Wealth Talks, Tom and John McFie uncover the truth about fees lurking in your retirement and investment accounts. From expense ratios and transaction fees to custodial or accounting costs, these fees can eat away at your wealth. And the worst part? Many of these fees are hidden within funds, making it hard to track how much you’re actually paying.
The good news is that you can take control. By being aware of these fees and learning how to avoid or minimize them strategically, you can protect your hard-earned money.
Key Takeaways:
Don’t let hidden fees catch you off guard—start protecting your financial future today.