Tuesday, March 15, 2016

U.S. News: Hidden Mutual Fund Fees That Are Robbing Your Returns

By SIMON CONSTABLE

So you've accumulated a nest egg by investing in mutual funds. Congratulations! That puts you ahead of the game. 
But to grow an even bigger stash, try squeezing out the fees. 
"Make sure you pay as little of that gross return in fees as you can," says Mitch Tuchman, managing director at Rebalance IRA, a financial services company in Palo Alto, California. Fees ultimately eat into any gains made by the mutual funds you own. 
But mutual fund fees are only about 1 percent of the assets, right? Wrong – on three counts. 
Read more here.

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