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Is 401(k) Fee Noise Distracting from Retirement Readiness Solutions?

Posted on Jun 30, 2011 by  in In the News, Retirement Readiness

According to a recent Star Tribune post by Kara McGuire, scrutiny of 401(k) fees continues to be a hot topic. Are fees the real issue when it comes to being retirement ready?

While fee transparency is important and we fully support it, the issue of retirement readiness remains. 401(k) fees are not the only factor that determines an employee’s ability to retire successfully, nor are they the most important factor.

Is the focus on fee disclosure just a diversion from the real problem? While fees play a part in retirement readiness, they pale in comparison to the problem of insufficient employee savings.

The solution is for each employee to set a goal for retirement savings and have a plan to get there.

Have you set a retirement savings goal? What is your plan to achieve it?

 

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