Preserving Retirement Assets

Preserving Retirement Assets

The fees associated with retirement savings, which include both investment and administrative costs, can reduce Americans’ retirement savings. As retirees leave the workforce, many face a complex set of financial choices on their own and turn to advisers for guidance. Unfortunately, unsuitable financial products and services cost retirement account holders an estimated $17 billion in higher fees annually. 

The retirement savings project examines the feasibility of policies or market practices to help improve retirees’ financial choices and decisions, such as promoting low-fee investment options, making it easier to keep savings in employer-provided plans at and through retirement, and improving the portability of benefits through low-fee vehicles for workers who change jobs.

 

How Fees Affect Retirement Savings Over Time

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