Over Half of Americans Surveyed Falsely Believe They Pay Low or No Fees to Manage their Retirement Accounts
National poll reveals widespread lack of knowledge regarding hidden fees required to maintain retirement accounts including 401(k) accounts
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BETHESDA, Md. and PALO ALTO, Calif., March 9, 2021 /PRNewswire/ Nearly three quarters of Americans surveyed do not know how much they are required to pay in fees to manage their retirement accounts, according to a recent survey commissioned by investment management firm Rebalance.
Over half of Americans surveyed (57%) falsely believe that they pay either no fees, or very low fees, to maintain their retirement investment accounts. In addition, nearly one-quarter don t even know how much they pay in fees.
Six Personal Finance Resolutions for 2021 Courtesy of a Certified Financial Planner
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BETHESDA, Md. and PALO ALTO, Calif., Jan. 6, 2021 /PRNewswire/ Nearly half of all Americans make New Year s resolutions every year
1. Over 50% of these resolutions will be related to finances.
2 Making and keeping financial resolutions will be easier this year, thanks to these six personal finance resolutions courtesy of a Certified Financial Planner™ Christie Whitney, Rebalance s Vice President of Investment Advice.
Update
Household
Budget: Unfortunately many people either lost their jobs or had to temporarily stop working during 2020 as a result of the COVID-19 pandemic. In addition, many households have seen dramatic changes in their financial spending patterns over the past year. To ensure that you enter 2021 on the best financial footing possible, it is necessary to update your budget to reflect everything that has changed