How to Cut Retirement Fund Expenses

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In most cases it makes sense to avoid funds with high fees. And why anyone would pay an "upfront fee" of up to 6% is beyond me. Even if you don't find everything you want at Vanguard, there are other low fee mutual fund companies that are probably just as good. Fidelity is a good example.

It may make sense for younger investors to take on a little more risk, but they should stay diversified, never risking more than 10-20% in any one fund and never having all of their assets in one basket. Just ask those who trusted Bernie with all their money!

Burt of NH 5:17PM January 29, 2010

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The Best Life

Philip Moeller, contributing editor for U.S. News Money, writes about achieving success and happiness in older age. He also is a research fellow at the Sloan Center on Aging & Work at Boston College.

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