Target Date Funds Explained: The 401(k) Choice Most People Never Make

OCT 20, 202658 MIN

Description

In today’s episode, Ralph Estep Jr. and Juliet spend the whole show on 401(k)s, covering the fees nobody sends a bill for, the fund you may never have chosen, and the old accounts people leave behind. In This Episode ✓ How a one-point fee gap cuts a 401(k) balance by 28% in the Labor Department’s example ✓ Why two target date funds with the same year can cost very different amounts ✓ 31.9 million forgotten 401(k)s holding $2.13 trillion ✓ What fiduciary means and why it matters when you pick a fund ✓ One Good Question: Marcus’s water bill jumps from $75 to $210 ✓ Money move: find your first $25 in cut week If you have never looked at what your 401(k) actually costs, this episode gives you a place to start. Resources Watch live: https://www.becomingfinanciallyconfident.com/live Win Our Christmas Bonus giveaway: https://www.becomingfinanciallyconfident.com/giveaway Book a call: https://www.ralphestepjr.com/schedule Year-end tax review: https://www.becomingfinanciallyconfident.com/yearend Retirement Savings Lost and Found: https://lostandfound.dol.gov/ Follow Becoming Financially Confident LinkedIn: https://www.linkedin.com/company/becomingfinanciallyconfident Facebook Group: https://www.facebook.com/share/g/1HpWqv8jp9/ Instagram: https://www.instagram.com/becomingfinanciallyconfident Skool Community: https://www.skool.com/becoming-financially-confident-7556 Have a money question? Send it here: becomingfinanciallyconfident.com/voicemail Companies Mentioned Vanguard Fidelity Intel Citizens Financial Group Exxon Demos Capitalize Home Depot