Great Tool for Investors: Mutual Fund Expense Analyzer

Want to find out exactly what your mutual funds will cost you in fees?

Here's a great little tool from the Financial Industry Regulatory Authority (FINRA) to help you do that:

http://apps.finra.org/investor_Information/ea/1/mfetf.aspx

It's a calculator where you select the mutual fund you own from an extensive list (you even enter what share class you own ... A shares, B shares, etc.). Then enter the amount you have invested, the expected annual return, and the holding period (the number of years you plan to own shares).

The calculator then shows you what your investment will grow to and how much you will pay in fees over the timeframe selected.

You can also compare funds. Try entering funds that your investment advisor has bought for you or you selected for your 401k/403b plan. Then compare that to the equivalent Vanguard index fund or ETF. The difference in fees can be eye-opening.

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