Evolving Personal Finance » Entries tagged with "401(k)"

Avoiding an Expensive 401(k) Plan through Self-Employment

Avoiding an Expensive 401(k) Plan through Self-Employment

Kyle finally received the 401(k) plan information from his new employer about 6 weeks after starting work. When he told me the plan offered American funds, my heart sank! The stereotype I have about American funds is that they have loads and high expense ratios. When we looked at the plan documentation, we didn’t find any load disclosures (thankfully), but the expense ratios were approximately an order of magnitude higher than what we have in … Read entire article »

Filed under: retirement, self-employment