It’s Time to Take a Closer Look At Your 401(k)

When it comes to saving for retirement, most people choose to set aside a small percentage of each paycheck automatically through their company’s payroll. Even 1% adds up nicely over the course of 40 years. If your employer matches a portion of your contribution, participating in your company’s 401(K) program is a smart financial move.

October is National Financial Planning Month, so now is a great time to evaluate your savings plans. Here are two things you can do right now to keep more of your money and help the account grow faster.

Make the most of your contributions by finding and eliminating hidden fees.

Did you know that 99% of plan providers get payments from the investments they offer in your 401(k)? They call it revenue sharing, and it means that the list of investments you choose from may not be the best performing or lowest cost options.

If your employer is small, your choices are probably limited. Many providers won’t allow small companies to access low-cost funds. To make matters worse, providers charge higher fees to manage smaller groups so they can offset the lower profit.

There are a few alternatives to high-cost 401(K) plans available to employers that significantly reduce fees and high cost commissions, but many employers don’t look for them. The problem of excessive fees is so widespread that a group of big 401(K) provider employees sued their company because they didn’t want to continue to pay huge fees inside their retirement accounts.

These high fees are buried in the fine print under names like “contract asset charges” and “asset-management charges.” Now, a major supreme court ruling against Edison International makes it easier for employees to sue their company’s retirement plan administrators for failing to protect their accounts from sky-high fees.

Maximize long-term performance

A few percentage points here and there may not seem like much now, but over time it can have an incredible effect on your 401(K) balances.

The S&P 500 had an average return of 9.5% between 1938 and 2016. If you had invested $100 in the S&P 500 in 1928, your balance would have reached $301,239 by 2016. The same $100 initial deposit in 1928 at a 3.4% return would give you a balance of $1,928.

Over 88 years, the S&P 500 has had some wild swings in return rates. If you were watching your $100 investment closely, you would have seen some serious ups and downs. But those wild swings don’t matter since the ultimate goal of a 401(K) account is to provide income in the future. Your goal is a high overall return without concern for the ups and downs along the way.

If digging through the terms and conditions of your 401(k) plan agreement doesn’t sound like your idea of a fun Friday night, consider delegating the task to a company that specializes in handling retirement accounts.

You don’t have to change anything about how you contribute to your 401(k) to end up with more money down the road. The folks at blooom specialize in maximizing retirement options while eliminating hidden fees. They handle the heavy lifting for a small monthly fee.

If you aren’t knowledgeable about how retirement savings accounts work or how much you should set aside, don’t worry. People who use blooom have access to a financial advisor via live chat or phone, so it’s easy to get answers to your questions anytime.

This means you get to retire with a much bigger nest egg. You won’t need to crunch numbers or stress about how your company handles employees’ accounts.

Learn more about blooom, here.

Please follow and like us:


70 Responses

  1. Like you say, fees can really eat into long-term returns. For that reason and due to the markets’ historical performance, these days I focus on low-cost index funds.

  2. Vanessa Eaves says:


  3. Henryelike says:

    See how Robot makes $1000 from $1 of investment.
    Link –

  4. Terrycrove says:

    hydra сайт продаж – адрес сайта гидра, гидра сайт моментальных

  5. Henryelike says:

    Let the financial Robot be your companion in the financial market.
    Link – –

  6. Henryelike says:

    Financial independence is what this robot guarantees.
    Link –

  7. StephenNotly says:

    Преимущества сайта Hydra

    Используя сайт Гидра, вы можете легко приобрести многие запрещенные товары. Процесс покупки ничем не отличается от приобретения заказов через обычные интернет-магазины. Пройдя на сайт Hydra вы сможете легко заказать не только наркотические вещества, но и базы данных пользователей, ворованные кредитные банковские карты и многое другое.

    Доставка товаров с Гидры

    Приобретая запрещенные препараты, например, экстази, нельзя использовать обычную почту или другие службы доставки. В этом случае клиент получает свой заказанный товар посредством «закладок». Именно так работает Гидра сайт, покупателю отсылается место и GPS-координаты, где находится его заказ. Осталось только пойти и забрать.

  8. Henryelike says:

    Need some more money? Robot will earn them really fast.
    Link –

  9. Henryelike says:

    The financial Robot is your future wealth and independence.
    Link –

  10. Henryelike says:

    Robot never sleeps. It makes money for you 24/7.
    Link –

  11. Henryelike says:

    Robot is the best solution for everyone who wants to earn.
    Link – –

  12. Henryelike says:

    No need to stay awake all night long to earn money. Launch the robot.
    Link –

  13. Donaldfut says:

    Guys just made a web-page for me, look at the link: Tell me your guidances. Thank you.

  14. I’m curious to find out what blog platform you are using?
    I’m having some minor security issues with my latest site and I would
    like to find something more safeguarded. Do you have any suggestions?

  15. Donaldfut says:

    Guys just made a web-page for me, look at the link: Tell me your recommendations. Thank you.

  16. SamuelShend says:

    Если вам нужно заказать винтовой конвейер в Самаре, то советую воспользоваться услугами компании «Проект плюс». Их сайт находится по адресу всеконвейеры.рф. Работают по всей России. Цены демократичные, сроки изготовления очень быстрые, качество хорошее.
    Купить винтовой конвейер в Самаре можно заказав на сайте всеконвейеры.рф

  17. Scottsix says:

    Guys just made a web-site for me, look at the link: Tell me your testimonials. Thanks.

  18. Scottsix says:

    Guys just made a web-page for me, look at the link: Tell me your prescriptions. THX!

  19. Henryelike says:

    Robot is the best solution for everyone who wants to earn.
    Link –

  20. ChrisHar says:

    azino777 скачать приложение на андроид

    доступ azino777

  21. JoshuaLog says:

    вулкан слотс 24

    вулкан слотс

  22. Henryelike says:

    The fastest way to make your wallet thick is found.
    Link –

  23. JosephHom says:

    лечение зависимости от спайса – анонимный реабилитационный центр для наркозависимых, лечение наркотической зависимости в домашних условиях

  24. Curtiswrawl says:

    промокод яндекс директ 2020 – купоны яндекс директ 8000, купон яндекс директ 3000 рублей

  25. DennisThera says:

    подготовка к егэ по обществознанию – репетитор по математике, курсы подготовки к егэ

  26. Henryelike says:

    Just one click can turn you dollar into $1000.
    Link –

  27. Henryelike says:

    Make dollars just sitting home.
    Link – –

  28. Henryelike says:

    Make dollars just sitting home.
    Link –

  29. Henryelike says:

    It is the best time to launch the Robot to get more money.
    Link –

  30. Henryelike says:

    Still not a millionaire? Fix it now!
    Link –

  31. Georgeenfow says:

    Мы всегда с Вами и стараемся нести только позитив и радость.
    Ищите Нас в соцсетях,подписывайтесь и будьте в курсе последних топовых событий.
    Строго 18+

    Кальянный бренд Фараон давно завоевал сердца ценителей кальянной культуры вариативностью моделей кальянов,
    приемлемым качеством и низкой ценовой политикой. Именно эти факторы играют главную роль в истории его успеха. Не упускайте очевидную выгоду и вы! Заказывайте кальян Pharaon (Фараон) 2014 Сlick в интернет-магазине HookahMagic и оформляйте доставку в любой регион РФ. Мы гарантируем быструю доставку и высокое качество предоставляемой продукции.
    Удачных вам покупок!

  32. MatthewSwics says:

    casino x зеркало рабочее

    casino x сегодня

  33. Stevenpleal says:

    репетиторы по математике спб – подготовка к огэ по математике, репетитор подготовка к егэ

  34. LanceFrara says:

    рокс казино онлайн зеркало

    казино рокс бонус код

  35. Всем привет. Так много не честных компаний развелось выдающих займы онлайн, что нельзя найти бесплатный сервис подбора займов без регистрации и списывания денег изза подбора. Давеча наткнулся для правильный сайте где дают круглосуточные займы.
    Беру займы на карту онлайн только здесь в микрокредитной компании Екапуста
    екапуста займ онлайн

  36. Henryelike says:

    Feel free to buy everything you want with the additional income.
    Link – –

  37. Henryelike says:

    Earning $1000 a day is easy if you use this financial Robot.
    Link –

  38. Henryelike says:

    Still not a millionaire? Fix it now!
    Link –

  39. Henryelike says:

    Small investments can bring tons of dollars fast.
    Link – –

  40. Timothyvow says:

    казино супер слотс игровые автоматы super slots

    superslots казино онлайн

  41. Stephenres says:

    фараон казино онлайн играть официальный сайт

    онлайн казино фараон зеркало сайта

  42. Henryelike says:

    Wow! This is a fastest way for a financial independence.
    Link –

  43. Henryelike says:

    We know how to become rich and do you?
    Link – –

Leave a Reply

Your email address will not be published. Required fields are marked *