You're Probably Losing $155k From 401(k) Plan

msnbc.com: Top msnbc.com headlines, NBC News
Fri, 06/29/2012 - 3:07am

A two-income American family with an average income that dutifully invests in a 401(k) plan using typical strategies will lose $155,000 – or about 30 percent of what they should have saved for retirement -- to Wall Street fees, according to a study by an economic justice advocacy organization.

NEXT
Sections:  news   business   living   
Topics:  401k   fees   money   personal finance   retirement   savings   study   
RELATED ARTICLES
  • College student lives in 96-square-foot solar-powered house
    POULTNEY, Vt. (AP) — A college student in Vermont is living in a 96-square-foot house he built to reduce his carbon footprint — and save money. More
  • Linebacker says risk of head injury not worth it
    Chris Borland, 24, of the San Francisco 49ers walks away from big money "to do what's best for my health." Studies suggest that the hard knocks of football can lead to debilitating head injuries. More
  • Study Finds Expanded Medicaid Increases Health Care Use
    Come January, millions of low-income adults will gain health insurance coverage through Medicaid in one of the farthest-reaching provisions of the Obama health care law. More
  • New study: debt limit deadline likely extended
    The likely deadline for Congress to prevent the government's first default will be later than earlier thought, a Washington think tank has found. The Bipartisan Policy Center said Friday that the government probably won't reach the brink of default until early September or early October. More
  • Study: New bird flu jumped directly from chickens
    Chinese scientists have for the first time found strong evidence of how humans got infected with a new strain of bird flu: from chickens at a live market. In a small study of four patients who caught the new H7N9 virus, Chinese scientists compared swabs from birds at live markets in eastern China to virus samples from patients. More

 

Comment On This Story

NEXT
Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

Movies With Butter More Movie News

More News

  • A US Navy missile cruiser shot down a Super Hornet over the Red Sea in an apparent 'friendly fire' incident
    Business Insider, Saturday - 12/21/2024 - 11:26 PM

    An F/A-18 Super Hornet lands on the USS Dwight D. Eisenhower flight deck in April. US Navy photoAn F/A-18 Super Hornet aircraft was shot down in an apparent case of friendly fire, CENTCOM said. The incident occurred after the missile cruiser USS Gettysburg mistakenly fired on the craft. Both pilots were safely recovered, with one sustaining minor injuries, per CENTCOM.

    More | Talk | Read It Later | Share
  • NYT Connections hints today: Clues, answers for December 22, 2024
    Mashable, Saturday - 12/21/2024 - 10:00 PM

    Connections is the latest New York Times word game that's captured the public's attention. The game is all about finding the "common threads between words." And just like Wordle, Connections resets after midnight and each new set of words gets trickier and trickier—so we've served up some hints and tips to get you over the hurdle.

    More | Talk | Read It Later | Share
  • Wordle today: Answer, hints for December 22
    Mashable, Saturday - 12/21/2024 - 10:00 PM

    Oh hey there! If you're here, it must be time for Wordle. As always, we're serving up our daily hints and tips to help you figure out today's answer. If you just want to be told today's word, you can jump to the bottom of this article for today's Wordle solution revealed.

    More | Talk | Read It Later | Share
  • NYT Strands hints, answers for December 22
    Mashable, Saturday - 12/21/2024 - 10:00 PM

    If you're reading this, you're looking for a little help playing Strands, the New York Times' elevated word-search game. Strands requires the player to perform a twist on the classic word search. Words can be made from linked letters — up, down, left, right, or diagonal, but words can also change direction, resulting in quirky shapes and patterns.

    More | Talk | Read It Later | Share
  • Who is Justin Baldoni, the actor and filmmaker accused by Blake Lively of sexual harassment?
    Business Insider, Saturday - 12/21/2024 - 09:24 PM

    Actor Blake Lively has accused Justin Baldoni of sexual harassment related to the movie they co-starred in, "It Ends with Us."Nathan Congleton/NBC via Getty ImagesBlake Lively has sued "It Ends with Us" costar and director Justin Baldoni for sexual harassment. The 40-year-old actor and filmmaker is best known for his role on the show "Jane the Virgin."Baldoni cofounded Wayfarer Entertainment, the production studio behind "It Ends with Us."Blake Lively on Saturday filed suit against her "It Ends with Us" costar and director, Justin Baldoni, for sexual harassment after months of reports that the two feuded on set.

    More | Talk | Read It Later | Share