Economics @ ITT

Wall Street Is Gobbling Up Two-Thirds of Your 401k

Posted in economics by ittecon on April 26, 2013

If you work for 50 years and receive the typical long-term return of 7 percent on your 401k plan and your fees are 2 percent, almost two-thirds of your account will go to Wall Street.

via PBS Drops Another Bombshell: Wall Street Is Gobbling Up Two-Thirds of Your 401k.

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