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Still too many gold market bulls, says Hulbert

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Guide to managing money from your 20s to your 70s
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/quotes/zigman/16008150/realtime/sampled 120.08 +0.71 0.59%
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WSJ $ Idx
/quotes/zigman/41508961/realtime 88.54 +0.37 0.42%
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T /quotes/zigman/398198/composite 32.60 0.28 0.86%
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0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
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Bad Credit 22.73% 22.73% 22.48%
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Encore
A blog about living in and planning for retirement

Among 401(k) Investors, a Big Information Gap

Question: How much time do you spend with the retirement-plan disclosures you receive from your 401(k) or individual retirement account?

Answer: Probably little more than the time you’ve just spent reading these two sentences.

Lightspring / Shutterstock.com

A new study from Limra, a Windsor, Conn., research and consulting firm, found that two-thirds of Americans with defined-contribution plans or IRAs spend less than five minutes scrutinizing each disclosure statement. About 20% say they rarely — or never — read the documents.

The research is tied to new rules from the Department of Labor, which require providers of 401(k)s and related savings plans to disclose additional information about fees, expenses and associated data in quarterly and annual statements. The goal: to help workers cut the cost of maintaining their accounts and building a nest egg.

The Limra study is an effort to gauge employees’ understanding of the new rules — and it highlights not only how little time most workers spend with their retirement-plan documents but also how little they know about their plans’ fees. Excessive fees, of course, can make a big difference in the eventual size of a nest egg. The Department of Labor offers the example of two 30-year-olds, each with $25,000 in a retirement account. The first account has an expense rate of 0.5%, the second has a rate of 1.5%. After 35 years, with identical investment returns of 7% (and no additional contributions), the first account would grow to $227,000 — but the second would total just $163,000.

Among the key findings:

  • Half of participants in defined-contribution plans said they have no idea how much they pay in annual fees and expenses.
  • Almost four in 10 surveyed workers (38%) believe they don’t pay any fees or expenses.
  • About one in eight (12%) participants in defined-contribution plans could offer an estimate of what their fees might be. The most common estimate: 1% of the account balance. (Limra cites a 2011 Deloitte/ICI study, which found that the “median defined-contribution-plan participant is in a plan with an all-in fee of 0.78% of assets, based on plans included in that study.”)

Will retirement-plan participants make use of the new disclosures? Reaction might well be “muted” at first, Limra states. That’s because surveyed workers indicated they aren’t really sure what to do with the information when they get it.

When asked how they might react if they learn that the fees in their retirement plan are higher than average, 31% said they didn’t know; 24% said they would move current assets into funds with lower fees; 21% said they would with speak with their employer about trying to reduce fees; and 16% said they would do nothing.

Comments

We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name.

Comments (5 of 8)

View all Comments »
    • As always, a great article. Sorry to not greet your magazine at my mailbox each month any more.

      The fees should be shared on the first page, and broken out by annual cost for each fund, and any other overriding fees to the account. Not too complex.

      One should use the fees to make a simple decision – Do I contribute more than it takes to get a full match? Say my costs add to 1.5%. Not uncommon. If long term, I’m thinking I’ll deposit while in the 25% bracket but withdraw at 15%, it takes only 7 years with this plan to negate any benefit, may as well just invest post tax, or better yet, in an IRA. So to your point, dufus, knowledge is power.

    • What’s the point of reading about fees you don’t control? Either you participate in your employer’s 401k or you don’t. Stop writing articles that imply we have a choice, this is not a personal investment vehicle, it’s employer sponsored. Give us a break on the topic of compelling your employer to change 401k plans because of fees, fat chance..

    • One way around fees (and trying to figure them out) is to go self-directed with a Solo 401(k)( http://www.broadfinancial.com/solo-401k )After set-up, the only fee charged is one low annual fee which covers amendments and customer service. Because of the self-directed platform, investors don’t have to pay any fees because they handle all the investments themselves.

    • Hi

About Encore

  • Encore examines the changing nature of retirement, from new rules and guidelines for financial security to the shifting identities and priorities of today’s retirees. The blog also explores news that affects retirement, from the Wall Street Journal Digital Network and around the web. Lead bloggers are reporter Catey Hill and senior editor Jeremy Olshan. Other contributors include The Wall Street Journal’s retirement columnists Glenn Ruffenach and Anne Tergesen; the Director for the Center for Retirement Research at Boston College, Alicia Munnell; and the Director of Research for Pinnacle Advisory Group, Michael Kitces, CFP.

MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

New York Markets Close in:

need to know
The 11 richest people on the planet under 35
Get last-minute, cheap Broadway tickets
Hulu rolls out ad-free option for $11.99 a month
Babe Ruth’s New York apartment is for sale
Vera Bradley soars on results, upbeat outlook

Inside the strongest S&P sector, the 10 best stocks
Dow pushes bid to halt latest multiday rout

Why gold now looks more risky than stocks
Why gold now looks more risky than stocks: Reeves

Still too many gold market bulls, says Hulbert

GoPro’s stock rocked by supplier’s outlook

Intel hopes its chip retool can revive PC sales

Private sector adds 190,000 jobs in August: ADP

U.S. productivity rises at fastest pace since end of 2013
Productivity rises at fastest pace since end of 2013

Donald Trump, Hillary Clinton playing game of liar’s poker with the voters
Trump, Clinton play game of liar’s poker: Delamaide
Bush mounts ‘germophobe’ attack on Trump

Workers don’t do better in unions
Opinion: Workers don’t do better in unions
Raising wages to $15 would raise prices by 4%
LA: $15 wage will lift 600,000 out of poverty

Growing doubts among Viacom investors lead to 50% stock drop
Growing doubts among Viacom investors

China stock market to close for World War II anniversary
China tightens controls to fight capital outflows

Guide to managing money from your 20s to your 70s
Guide to managing money from your 20s to your 70s
Take your company pension, or buy an annuity?
Don’t overcomplicate 401(k) transfer to an IRA
Is this all the investing advice you’ll ever need?

Never use a market order when stocks are selling off

Uber drivers lawsuit  endangers much more than Uber
Uber will likely appeal class action decision
Uber driver suit can proceed as class-action

McDonald’s set to offer all-day breakfast

No. 1 restaurant for ‘breakfastarians’ is ...
Teacher with 111 tardies blames breakfast

Where every Fed member stands on raising rates

Rate-hike question is what Yellen didn’t want
Boston Fed president: Sept. doubt remains

What to expect at September Apple event
What to expect from the Apple event on Sept. 9
New on the shelves of your Apple Store: drones
Apple talks to Hollywood for exclusive content
Lost Apple deal leads to 40% job cut at GT

These are the cars that get the most Instagram attention
Best time to buy a new car may be just ahead
U.S. car sales are stronger than expected

10 cities in U.S. with the very worst traffic problems
Lowest Labor Day gas prices in 11 years: AAA


/conga/frontpage.html 353952

Markets »

46.50MDow Volume:
Avg Vol: 111.86M
Unchanged
215
Decliners
2608
Advancers
3654
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,203 +145 0.90%
Nasdaq
/quotes/zigman/12633936/realtime 4,675 +39 0.84%
S&P 500
/quotes/zigman/3870025/realtime 1,927 +13 0.67%
GlobalDow
/quotes/zigman/629063/realtime 2,300 +5 0.22%
Gold
/quotes/zigman/662444/delayed 1,135 -5 0.39%
Oil
/quotes/zigman/2331095/delayed 43.59 -1.82 4.01%
FTSE 100
/quotes/zigman/3173262/delayed 6,083 +25 0.41%
DAX
/quotes/zigman/2380246/delayed 10,048 +32 0.32%
CAC 40
/quotes/zigman/3173214/delayed 4,555 +14 0.30%
FTSE MIB
/quotes/zigman/1482176/delayed 21,612 +161 0.75%
IBEX 35
/quotes/zigman/2759620/delayed 9,938 -55 0.55%
Stoxx 600
/quotes/zigman/2380150/delayed 354 +1 0.27%
Asia Dow
/quotes/zigman/6959860/realtime 2,703 -14 0.53%
Nikkei 225
/quotes/zigman/5986735/delayed 18,095 -70 0.39%
Hang Seng
/quotes/zigman/2622475/delayed 20,935 -250 1.18%
Shanghai
/quotes/zigman/1859015/delayed 3,160 -6 0.20%
Sensex
/quotes/zigman/1652085/delayed 25,454 -243 0.95%
Singapore
/quotes/zigman/1709939/delayed 2,878 -5 0.16%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 -0.01 0.59%
Yen
/quotes/zigman/16008150/realtime/sampled 120.08 +0.71 0.59%
Pound
/quotes/zigman/16008140/realtime/sampled 1.53 +0.00 0.01%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 +0.00 0.06%
DXY Index
/quotes/zigman/1652083/delayed 95.78 +0.40 0.42%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.54 +0.37 0.42%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.17 +0.01 0.45%
German 10y
/quotes/zigman/15866409/realtime 0.78 -0.02 1.96%
Italy 10yr
/quotes/zigman/15866497/realtime 2.00 0.00 0.02%
Spain 10yr
/quotes/zigman/15866444/realtime 2.15 +0.01 0.45%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.82 -0.01 0.55%
Japan 10yr
/quotes/zigman/15866525/realtime 0.39 +0.03 8.56%
Crude Oil
/quotes/zigman/2331095/delayed 44 -2 4.01%
Gold
/quotes/zigman/662444/delayed 1,135 -5 0.39%
Corn
/quotes/zigman/7599553/delayed 365 -4 1.08%
DJIA F
/quotes/zigman/38649152/delayed 16,154 +67 0.42%
S&P F
/quotes/zigman/30356461/delayed 1,920 +4 0.21%
Silver
/quotes/zigman/3134148/delayed 15 +0 0.24%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 88.29 1.06 1.22%
AAPL /quotes/zigman/68270/composite 109.93 2.21 2.05%
GOOG /quotes/zigman/30194416/composite 604.76 6.97 1.17%
BAC /quotes/zigman/190927/composite 15.65 0.12 0.77%
C /quotes/zigman/5065548/composite 51.08 0.14 0.27%
F /quotes/zigman/264304/composite 13.70 -0.02 -0.15%
T /quotes/zigman/398198/composite 32.60 0.28 0.85%
BP /quotes/zigman/247026/composite 31.89 -0.25 -0.78%
GE /quotes/zigman/227468/composite 24.15 0.27 1.13%
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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

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