Analyze 401(k), IRA, and pension terms for hidden fees, vesting schedules, and early withdrawal penalties that erode your savings.
Small fee differences compound into massive losses over decades. Know what you're paying.
A 1% vs 0.1% expense ratio can cost you hundreds of thousands over 30 years. Many 401(k)s have high-fee funds as only options.
Employer match may vest over 3-6 years. Leave before fully vested? You forfeit unvested employer contributions.
Withdraw before 59½ and face 10% penalty plus income taxes. Some exceptions exist but are narrow.
Must start withdrawals at 73 (or 75 for some). Miss an RMD? 25% penalty on the amount not withdrawn.
401(k) loans seem interest-free, but you lose market gains. Leave your job? Loan may be due in full within 60 days.
Many 401(k)s limit you to expensive proprietary funds. No low-cost index fund options = forced into high fees.
Paste your retirement plan documents to identify costly provisions.