Asset allocation. Low cost index funds. The cost of active management.
Sound familiar?
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Monday, December 3, 2007
401k Fees and Fiduciary Responsibility
Here is a link to an article from business columnist Jack Naudi in our local paper, the St. Louis Post Dispatch.
Asset allocation. Low cost index funds. The cost of active management.
Sound familiar?
Asset allocation. Low cost index funds. The cost of active management.
Sound familiar?
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1 comment:
There's been a lot on this topic elsewhere, especially by Scott Simon, an advocate of the Prudent Fiduciary Act, and the book by David Loeper, Stop the 401(k) Rip-off!. There's also a website to grade funds based on fiduciary standards of diversification, expense, risk, return and risk of material underperformance (an easily forgotten rule for fiduciaries) available at http://www.fundgrades.com.
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