• padlocked door
    January 25, 2018

    That noncompete clause can lock you into your job

    Most of us do not look closely at the language in a proposed employment contract. We are just too excited to be starting a new job. Fewer than 10% of new employees will try to negotiate their noncompete clauses, according to the U.S. Department of Treasury.  https://www.theladders.com/career-advice/this-is-how-non-compete-clauses-hurts-employees But those noncompete clauses in employment agreements are designed to interfere with our future employment options.

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  • pipe leaking excessive fees
    January 22, 2018

    Excessive fees in small/medium employer retirement plans

    Would you fix a pipe if you thought it might be leaking? Just like pipes in your home, your retirement accounts can be leaking excessive fees — which is money you could use in retirement. If you have a retirement account — like a 401(k) or 403(b) account — with a small or medium sized employer, your hard-earned money may be leaking. According to Barron’s, “the industry’s priciest funds are in accounts that are too small to get much attention. Sometimes they’re in the 401(k) plans of small businesses. Sometimes they’re in target-date funds. Sometimes they’re simply in portfolios with less than the $1 million needed to command the attention of advisors.”  https://www.barrons.com/articles/the-great-fund-fee-divide-1515214360

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  • thief lifting wallet from man's back pocket
    January 15, 2018

    Discount brokers steer customers to higher fee investments

    Think your discount broker is giving you unbiased investment advice? Think again. A recent WSJ article reports that Fidelity, Schwab and TD Ameritrade employees received monetary and other incentives to get customers to invest in products that made more money for the broker.

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  • calculator
    January 10, 2018

    Retired and considering annuities? Wait!

    Beware the substantial risks of buying annuities, particularly when you are older. When you buy an annuity you pay a chunk of money to an insurance company to get payments in the future. Sounds good, but for excessive fees you pay and the fact that you lose access to your money. What if you or a family member has an emergency? Until you are out of the surrender period, you will have to pay substantial penalties to get access to your money.

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