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Uncovering Hidden Fees: Are You Paying More Than You Think?
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In the age of autopay, many of us have become accustomed to having our bills paid automatically. It's convenient, right? Well, maybe not always. A recent survey by Chase Bank revealed that people often forget what bills are being paid, including for services they no longer use. It's akin to paying for a streaming service you never watch.
But here's the real kicker – hidden fees aren't limited to your monthly subscriptions; they can lurk in your retirement accounts too. Whether it's your 401(k) or IRA, these financial fees can erode your hard-earned money without you even realizing it. Kevin shares how some 401(k) plans come with internal fees that could be eating away at your retirement savings. He also highlights the importance of being aware of these fees, especially if you're over 59 1/2 and have the opportunity to self-administer your IRA.
So, if you're wondering whether you're paying too much in hidden fees, tune in for this eye-opening episode. Kevin Madden provides insights and strategies for optimizing your retirement accounts, minimizing fees, and ensuring your financial future is on the right track.
Don't let hidden fees eat away at your retirement dreams. Take control of your finances, and reach out to Kevin Madden.
#retirement #financialplanner #financialliteracy #wealth #fyp #podcast #taxes #income
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