If you’re working hard to contribute to a retirement account, it's important to limit the impact investment fees are having on your account balance. For example, if you’re paying 1 percent in annual fees, a $100,000 portfolio can be reduced by about $30,000 over 20 years compared with a 0.25 percent fee, according to the Securities and Exchange Commission.
So, check your retirement plan statement to see how much fees are eating into your returns. If the investments offered in your 401k have varying fees, consider switching to lower-fee investments to have more money when you retire.
