Quote:
Originally Posted by beamie
The only ones really making any money with 401k's and defined contribution plans are the scheysters on Wall Str. Just wait until you start taking money out. Hinden fee here hinden fee there. Oh you think you have been making an average of 8% a year......well after all the fees you never seen comin you may be at 4%. Granted it is better than 0.5% at your local bank. But still, you are getting bent over.  |
I have SEP/IRA which I manage and I have some corporate bonds that pay 4% every year. Granted I bought them a few years ago but I just let the money sit and it gets compounded.
No fees as I manage my money.