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What about Hidden Fees in 401(k), 403(b) and other Tax Qualified Plans?

At Tivaldi we are PEOPLE WHO CARE so we provide hard to find information so you can make an educated decision to protect your wealth and create a sound financial future for you and your heirs.  

 

If you are in a 401(k), 403(b) or any other TAX-QUALIFIED PLANS I would suggest you watch the videos below on HIDDEN FEES in tax-qualified plans that was presented by Bloomberg Television right after the 2008 crash.

 

Experts on tax qualified plans are interviewed in this expose'  that is not available in the mainstream any longer.

Award-winning investigative reporter and broadcaster Gary Matsumoto won the 2008 Business Emmy for "Outstanding Investigative Reporting of a Business News Story--News Magazines and Long Form" with his program "401(k) Hidden Fees." It was Bloomberg Television's first Emmy in any category. The program exposed the hidden fees embedded in 401(k)s and other employer-sponsored pre-tax savings plans. Matsumoto found one company whose employees thought they were paying 401(k) fees that amounted to one-tenth of one percent. They were paying closer to 3.6 percent - 36 times more. Matsumoto, reported, directed, produced and wrote the half-hour program. Anchor: Mike Schneider; News Editor: Antony Michels; Videotape Editor and Producer: Amy Marino; Associate Producer: Hana Choi.

In Part 2 around the 4 minute mark, read what was in the letter to Walmart from Merrill Lynch. Walmart was instructed to withhold fee information from employees. What are other companies not telling their employees?

Some points to contemplate

  • When a person will say, well my company is matching my contributions - so where are those matching dollars coming from?

 

  • If the company or union is getting kick-backs from the company managing your 401(k), 403(b) or other tax qualified plan then are the contributions really coming from the hidden fees they do not have to disclose to you?

 

  • In reality, are YOU the one really matching YOUR contributions? 

If you are an individual or a business owner recommending your employee participate in a tax-qualified plan, then you MUST watch the following videos!

If you would like to learn more to protect your wealth contact us.

Hidden Fees - Part 1 

Hidden Fees - Part 2

Hidden Fees - Part 3

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