About 50 million people own 401(k)-type retirement plans, and the percentage of workers with defined-benefit (pension) plans has been dwindling for years. One problem with 401(k) plans is that many plans don’t disclose their fees openly. That would change if Congress moves forward with a bill currently awaiting action in the House of Representatives.
Even if an investor knows how to invest for retirement, the unavailability of a good 401(k) plan can still thwart good retirement planning intentions. From time to time, personal finance magazines publish articles on how to tell whether your company has a good plan. Usually the …Read More