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Over the years I have reported on how high/unnecessary investment account fees negatively impact the growth of your retirement savings. Remember, all fees are paid by you, the investor, so a dollar saved in fees is a dollar invested for retirement spending. Most observers are of the opinion that a properly serviced account should not cost the investor more than 50 basis points (bp) per year. More ... There’s a lot you can do at Social Security’s Web site, and it’s easy to locate—just go to www.socialsecurity.gov. You can estimate your retirement benefits, find out what kinds of government benefits you might qualify for and even apply for benefits on-line. More ... |
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