Sign In
Sign In
Let’s say you have $20,000 in a retirement account. If you assume you can earn a net return of 6.5 percent a year — 7 percent from investment gains, minus a relatively modest 0.5 percent in fees and charges to run the plan — the account would grow to $70,500 in 20 years. Boost the fees to 1.5 percent, and the account will grow to just $58,400. That’s $12,100 less because of a percentage point difference in fees and charges.
Recommended Stories
How to tactfully network with people you already know: It's all about them
Everything starts with learning about them and letting them know more about you. Here's how to do it without being pushy.
5 opportunities Social Security’s new statements offer advisors, participants
Redesigned statement shows what the estimated monthly benefits would be for each of nine years, claiming ages 62-70.
Investor focus on ESG increases concern over 'greenwashing'
There is growing unease at the low quality of some net-zero commitments.
Resource Center
Best Practices
Sponsored by FormFire
Tips for a Successful Open Enrollment Process
Learn how you can make open enrollment easier for your clients and their employees.
White Paper
Sponsored by HealthEquity
6 Strategies to Reduce Benefits Costs in 2022
Benefits costs continue to rise, but there are proven strategies to help clients take control.
Guide
Sponsored by Teladoc Health
A Broker's Guide to Chronic Care
To help clients cut benefits costs, it’s essential to focus efforts on the biggest cost driver: chronic conditions.
BenefitsPRO
Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!
- Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
- Exclusive discounts on BenefitsPRO.com and ALM events.
Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.