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UPS Retirement Topics
401k dividends
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<blockquote data-quote="Catatonic" data-source="post: 1259895" data-attributes="member: 7966"><p>They love it that way.</p><p>They are Investment Bankers and Fund Managers.</p><p></p><p>That is why I always stress using a fee-based financial adviser, especially for investments outside a 401k.</p><p>They understand where all these hidden expenses are and can guide you to lower cost alternatives.</p><p>Going to an investment firm like JP Morgan, or a local financial adviser that charges you no advice fee but manages your money or a bank investment subsidiary will ensure that you are actually paying more than the management fee they charge.</p><p>Annuities are a very good example - you buy a $100,000 annuity and the guy that advised you to buy it and processed the transaction for you will typically get between $1500 to $3000 commission.</p><p>That's the primary reason there are early withdrawal fees.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 1259895, member: 7966"] They love it that way. They are Investment Bankers and Fund Managers. That is why I always stress using a fee-based financial adviser, especially for investments outside a 401k. They understand where all these hidden expenses are and can guide you to lower cost alternatives. Going to an investment firm like JP Morgan, or a local financial adviser that charges you no advice fee but manages your money or a bank investment subsidiary will ensure that you are actually paying more than the management fee they charge. Annuities are a very good example - you buy a $100,000 annuity and the guy that advised you to buy it and processed the transaction for you will typically get between $1500 to $3000 commission. That's the primary reason there are early withdrawal fees. [/QUOTE]
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