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Saving for Retirement: Could This Simple Move Cut Your Investing Costs?

Saving for retirement is the biggest financial challenge many people face, and one problem involves the huge fees that people pay. Recently, the Center for American Progress suggested that having retirement mutual fund "labels" clearly showing fees could help people plan better for their retirement.

In the following video, Dan Caplinger, The Motley Fool's director of investment planning, looks at the proposal, noting that increased fee disclosure is always helpful for people evaluating their retirement savings options. Dan suggests that the hope that those making the proposal have is that more disclosure would actually lead employers to make smarter choices about which investments they choose for retirement plans, helping their workers add hundreds of thousands of dollars to their eventual retirement nest eggs. Dan concludes that although retirement-fund labeling wouldn't solve all the problems with retirement savings plans, it would be a step in the right direction.

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Have general questions about Social Security? Email them to, and they might be the subject of a future video!

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Comments from our Foolish Readers

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  • Report this Comment On April 27, 2014, at 3:58 PM, sevs4u wrote:

    A handy way of saving on retirement plan fees is to fully fund a Traditional or Roth IRA first where you have total control over the costs. Then, if it makes sense, contribute to your employer's retirement plan but opt for index funds to possibly lower costs:

  • Report this Comment On April 27, 2014, at 4:53 PM, FrankBernice wrote:

    Another mistake killing retirement budgets is to use whole life insurance, at least according to popular TV Experts like Suzey Orman and Dave Ramsey. It sounds pretty logical though. They recommend that you ditch a whole life insurance policy if you have one, and get a term policy instead from a place like LifeAnt, where you can get the same coverage for about $25 a month. I guess the risk in that is that the life insurance expires at some point, so I don't think that it is a good idea for everyone, but it sounds like good general advice. Your supposed to save the difference in cost to a retirement account (401k, Roth, IRA, something like that). I guess financial advisors really do kind of kill your retirements if they charge you fees, you pay fees to companies, fees for investments, fees to everyone.

  • Report this Comment On April 27, 2014, at 10:07 PM, sevs4u wrote:

    Frank - fees are fine if you are getting a valuable product or service in return. There are costs associated with the creation and maintenance of things like mutual funds, ETFs, insurance e.g. custodial charges. If someone doesn't have the time, experience or patience to invest by himself or find the optimal type of insurance, then paying a competent, experienced professional is worth the cost (within reason).

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Dan Caplinger

Dan Caplinger has been a contract writer for the Motley Fool since 2006. As the Fool's Director of Investment Planning, Dan oversees much of the personal-finance and investment-planning content published daily on With a background as an estate-planning attorney and independent financial consultant, Dan's articles are based on more than 20 years of experience from all angles of the financial world.

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