Here are the highlights:
1. Cost does matter: A study by Morningstar found that low-cost funds outperformed high-cost funds in every single time period and data point tested. Low cost is the first thing to seek when selecting your investment account (401(k), IRA, regular investment account).
2. Know your cost: Many employers have no idea what fees they and their employees pay for 401(k) plans, a recent report shows. Thankfully, a new rule means 401(k) charges must be fully disclosed. Arm yourself with all the info – and move your money into an IRA if you’re being overcharged.
3. Success for all: Understand how you pay for your investment. If a broker makes money when you spend money, something’s wrong (ditto for high AUM fees).
4. Beware of those touting the secret sauce: they’re not telling the truth! Check out our recent blog post on this too.
Read the full article on The Huffington Post.
What Are The Most Effective Auto-Deposit Settings?
Choosing the right deposit strategy is an important step towards helping you reach your goals. We recommend setting up your auto-deposits so that they occur right after each paycheck.
Acceptable Reasons for Holding Unused Cash in Smart Saver
When you aren't yet sure when or how to spend or invest your unused cash, we offer Smart Saver, a managed account designed to handle your extra cash.
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Explore your first goal
This is a great place to start—an emergency fund for life's unplanned hiccups. A safety net is a conservative portfolio.
Whether it's a long way off or just around the corner, we'll help you save for the retirement you deserve.
If you want to invest and build wealth over time, then this is the goal for you. This is an excellent goal type for unknown future needs or money you plan to pass to future generations.