Fees are one of the most important factors of successful retirement investing. They determine how much ends up in your pocket after mutual funds and 401(k) plan providers take their cut. The bite especially hurts younger workers, who face the risk that high fees will compound over time.
“Fees compound in the same way that returns compound,” said Scott Puritz, managing director at Rebalance, a firm that often works with clients on 401(k) rollovers and advises companies on ways to improve their plans. “People are numb to the differences, but it’s a major determinant of long-term returns.”
Costs are usually much higher in plans sponsored by small businesses, like the 10-person firm where Mr. Gentry works. His plan doesn’t offer low-cost passive index fund choices. He is invested solely in a target date fund made up of actively managed mutual funds that have lagged the overall market’s returns during the past decade. The fund charges an annual expense fee of just over 1 percent.
https://www.nytimes.com/2024/04/19/business/401k-fees-retirement.html
Over 1% for a 401k is INSANE
Bond market is collapsing.
mortgage rates down 22pts on weak job report and looming recession.
we've got a long way to go before we see rates in the 5.50% range and that puts me in range to pull the trigger on house purchase.
mortgage rates down 22pts on weak job report and looming recession.
we've got a long way to go before we see rates in the 5.50% range and that puts me in range to pull the trigger on house purchase.
I think feds drop in sept but we shall see. Krugman out here beating the “lower now” drumb daily lol
With today's job report there's definitely enough smoke that they waited too long to drop rates.
But knowing the Federal Reserve they for sure welcome bad job numbers before dropping rates.
But knowing the Federal Reserve they for sure welcome bad job numbers before dropping rates.
By reilo Go To Postlol thanks AI bros, crypto bros, and the Fed.
Good job everyone.
J Powell "are_you_not_entertained.gif"
Black Monday..
Hedge funds gonna crash the stock market and force Jpow a rate cut before September meeting
Hedge funds gonna crash the stock market and force Jpow a rate cut before September meeting
By Kabro Go To PostYea my friends are looking to close this month on a house and their rate dropped by nearly a point -- would save them $1,000/mo. Good timing. It probably won't fall below 5% if ever again.
By DY_nasty Go To Postis this hope?just my opinion but the economy/job market is going to get worse and worse throughout 2025.
hopefully none of us here lose their jobs in the economic downturn.
By reilo Go To PostYea my friends are looking to close this month on a house and their rate dropped by nearly a point – would save them $1,000/mo. Good timing. It probably won't fall below 5% if ever again.thats freaking awesome. I called up my broker this morning and asked him to redo the numbers @ 6.3% and i'd be saving close to $800-900/month myself.
By Kabro Go To Postjust my opinion but the economy/job market is going to get worse and worse throughout 2025.6.3? You may be able to get below 6 -- that's what my friends are looking at as of talking to them yesterday. Keep asking around.
hopefully none of us here lose their jobs in the economic downturn.
thats freaking awesome. I called up my broker this morning and asked him to redo the numbers @ 6.3% and i'd be saving close to $800-900/month myself.
So is this because the Yen became more expensive?
I'm withholding my "we're in for a small recession" concerns until the sept fed announcement.
I'm withholding my "we're in for a small recession" concerns until the sept fed announcement.
By Fenderputty Go To PostSo is this because the Yen became more expensive?No, it's because of the unemployment numbers on Friday. The JPY has been in free-fall for a while.
I'm withholding my "we're in for a small recession" concerns until the sept fed announcement.
By reilo Go To PostNo, it's because of the unemployment numbers on Friday. The JPY has been in free-fall for a while.
Ehh ... Friday slid and the jobs #'s weren't good, but today's slide coincides with Japan announcing rate hike increase. I was reading that this increase is causing a sell off of US stock from people who will need to pay back money borrowed.
At the least this seems like a compounding factor and not just ... one jobs report.
Yup ... I was reading about the Nikkei bounce last night and knew it would be green today. Wild how much our markets are intertwined honestly.
Jim Cramer is a national treasure.
https://www.reddit.com/r/Wellthatsucks/comments/1e9hcrr/jim_cramer_recommending_crowdstrike_one_month_ago/
interest rate on a lot is a tad under 6%.
construction interest is 6.3%
my pre-approval just lapsed but im going to wait after the 25bp in september at the earliest. hopefully lock in at <5.50%.
https://www.reddit.com/r/Wellthatsucks/comments/1e9hcrr/jim_cramer_recommending_crowdstrike_one_month_ago/
By reilo Go To Post6.3? You may be able to get below 6 – that's what my friends are looking at as of talking to them yesterday. Keep asking around.He ran the numbers with with a construction loan attached.
interest rate on a lot is a tad under 6%.
construction interest is 6.3%
my pre-approval just lapsed but im going to wait after the 25bp in september at the earliest. hopefully lock in at <5.50%.
By Fenderputty Go To PostAre you doing custom build or like a lenar package?custom.
My fiance's family GC gave us a quote of under $200 sq ft. this would be a vanilla build though and sourcing raw material outside california.
we're looking at lots around Placentia area.
By Adam Go To PostY'all think rates gonna drop below 5s this year?if it does happen, 2026 is my guess.
By Kabro Go To Postcustom.
My fiance's family GC gave us a quote of under $200 sq ft. this would be a vanilla build though and sourcing raw material outside california.
we're looking at lots around Placentia area.
My dream is to one day buy a lot and build what i want. Good luck brother. Living the dream. I was going to ask where the hell you're finding land too. There's ain't much left. I"m assuming it's closer to Orange hills?
By reilo Go To PostI don't think we'll see below for a very long time, and if we do, it'd be 4.5-5 at best.
By Kabro Go To Postif it does happen, 2026 is my guess.
Never gonna be able to refi 🥺
By Fenderputty Go To PostMy dream is to one day buy a lot and build what i want. Good luck brother. Living the dream. I was going to ask where the hell you're finding land too. There's ain't much left. I"m assuming it's closer to Orange hills?my brother will be on mortgage application. he's selling his house back east and would use the money to build his ADU on the property.
as for lots, my agent has been sniffing around off-market lots with a few interested parties.
the lots we were looking around Tustin hills have been mostly with aggressive slope. so we're looking a bit more north of anaheim hills.
By Fenderputty Go To PostI you can't consider a refi until rates fall below 5's, you're one of the lucky ones my man.I would kill for <5% rates.
Dr Adam low key showing off his golden handcuffs.
By Fenderputty Go To PostMy dream is to one day buy a lot and build what i want. Good luck brother. Living the dream. I was going to ask where the hell you're finding land too. There's ain't much left. I"m assuming it's closer to Orange hills?My dream is to one day be able to proudly move back to southern Louisiana and build on some of this rural land I have. One day.
Maybe in my retirement. Depends on if my children relocate out of CA. If they don't I likely will never be able too. Hoping you also get your dream Kib.
How undeveloped is the land? Would you need a septic tank for example? A well?
How undeveloped is the land? Would you need a septic tank for example? A well?
By Fenderputty Go To PostMaybe in my retirement. Depends on if my children relocate out of CA. If they don't I likely will never be able too. Hoping you also get your dream Kib.So, I have a few choices because my dad had bought a smaller plot (2 acres, I think?) and then I have much more from my grandfather who used to have a whole-ass farm that kids would get some days off during school during harvest season to go work.
How undeveloped is the land? Would you need a septic tank for example? A well?
My dad's plot is along the main road and is currently being maintained by a neighbor's horses and cattle (they just eat all the grass). However, there are other homes near it, so power and water should be easy things. It already has a ditch in front of it because, well, there is one that runs the length of the main road. I know there are wells in the area, but it should also be trivial to get water lines from the local water company out to it. I imagine a septic tank would be needed.
My grandfather's spot is probably like a half mile or so down a private "road" (not paved, mostly dirt) that is close to my dad's lot. It might have been farmland at some point in the past but it has been dormant long enough for a forest to grow on it. lol It would need complete development. That one would take an exceptional amount of work.
You can buy two acres for cheap in CA, dude. You'd just be living in middle of nowhere.
I don't think the plots Kib is talking about are inside a big populous metro lol
I don't think the plots Kib is talking about are inside a big populous metro lol
By Fenderputty Go To PostI you can't consider a refi until rates fall below 5's, you're one of the lucky ones my man.
By Kabro Go To PostI would kill for <5% rates.
Dr Adam low key showing off his golden handcuffs.
I too, would love sub-5s.
By Kabro Go To Post2 acres is considered Smaller plot.Look at the yards that even the mobile homes in the background have:
I grew up in the wrong state. 😭
By reilo Go To PostYou can buy two acres for cheap in CA, dude. You'd just be living in middle of nowhere.They are in literal villages because less than 2000 people live there. lol
I don't think the plots Kib is talking about are inside a big populous metro lol