How Target-Date Fund Fees Impact Retirement Income

It's amazing that people are still cavalierly suggesting the mutual funds are the only option to build a nest egg. John C. Bogle, founder of the Vanguard Group has written scathing indictments about the industry he helped create. Here is one of several stunning reports: http://www.vanguard.com/bogle_site/sp20030708.htm If people are truly concerned about their retirement income meeting their needs, they must quit listening the the shysters in the financial services business. Isn't it ironic that they get paid even if the account values plummet? Two suggested readings: Richard Babbel's 2007 report on how to invest for retirement. Get it here: http://www.retiredsafely.com/index.php?p=1_23_Requesting-Babbel-Report

Also, Garrett Gunderson's book, Killing Sacred Cows will give you a realistic look at the entire set of myths perpetrated on the American public. You should read this book!

Randy McKee of SD 9:30AM April 07, 2010