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Only a few short weeks after a group of independent researchers released a study showing the cost to 401(k) plans when vendors recommend affiliated funds, out comes a new study from Boston College’s Center for Retirement Research exposed the true cost of 12b-1 fees to IRA investors. The first study suggested the ongoing conflict-of-interest of recommended affiliated funds may be costing retirement investors $1 billion a month. The second study stated, based on the 12b-1 conflict-of-interest alone, IRA investors lost $2 billion in 2009.

A billion here. A billion there. Pretty soon you’re talking real money. How many more retirement dollars will be burned away until Washington acts?

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