Saving for your retirement is important, and it is likely you have either a 401(k) or Individual Retirement Account (IRA) set up for that purpose. However, funds have fees that decrease the total amount available at retirement. One fee that can decrease a total balance is an expense ratio, which is a fee that exists on all retirement funds and is one of the most important fees to understand.
Topics: what is a good expense ratio, investment expense ratio, expense ratio, expense ratio formula, what is an expense ratio, average expense ratio, hidden investment fees, investment fees, Saving for Retirement, Near or in Retirement
Individual retirement account (IRA) assets in the U.S. are worth $7.5 trillion; this represents 31 percent of total retirement assets in the market, with 34 percent of U.S. households owning an IRA. Banks, investment houses, brokerages, online trading firms and other entities all want a piece of that gargantuan pie.