I’m glad to see that someone is finally taking a look at excessive 401k fee structures! The scoop is that several major firms are being sued by a St. Louis attorney alleging that plan structures are designed to obfuscate the amount of fees charged by the plan management companies. If you get a chance, you might want to check out the story here. The firm that’s filing the suit is here.

The only thing I can say is, thank goodness for the legal system! These kinds of suits can only force big pension plans to clean up their act and become more transparent.

Best,

James

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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