Our daily roundup of retirement news your clients may be thinking about.

Half of baby boomers don't know they pay IRA, 401(k) fees A recent survey found that 46% of baby boomers believe that they don't pay any fees on their individual retirement accounts or 401(k)s, while about 20% didn't know the distribution of their investments between stocks and other funds. To address costs, investors should determine the exact fees they are paying and assess alternatives, according to Daily Finance. It's also better to make moving to low-cost options as soon as possible, rather than delay it, which will cost investors more money, it adds.  --Daily Finance

Register or login for access to this item and much more

All Bank Investment Consultant content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access