Make money work for you!

  • Home
  • Personal Finance
  • Budgeting
  • Shopping
  • Taxes

Watch Out for These 10 Hidden Costs in Retirement

February 20, 2023 · Personal Finance
retirement contributions 2023
Photo by Tada Images from Shutterstock

2. 401(k) Expense Ratios

Many employers offer 401(k)s, but many of the employees who contribute to these retirement savings plans don’t know that they aren’t free. Depending on the funds you choose, you could be stuck with some pretty high expense ratios that will slowly drain your retirement savings.

What’s even worse is that these expense ratios may not be explicitly stated to you, but rather buried in the fine print. This hidden cost may be between 0.5% and 2%, which doesn’t seem like much. However, a 2% expense ratio accumulates at an exponential rate in the long run, which can work hard against you.

This being said, when choosing funds for your 401(k), look for those with low expense ratios to avoid losing money in hidden costs and fees.

Pages: 1 2 3 4 5 6 7 8 9 10 11

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • A retired couple sits at a sunny kitchen table, thoughtfully reviewing financial papers together with coffee mugs nearby. Married and Retiring? Here's How to Claim Thousands More in Social Security Benefits
  • An ink and watercolor illustration of a balance scale weighing a glass tip jar against a document labeled federal programs. Here's Who Won and Lost Under Trump’s "Big, Beautiful Bill" (Where Do You Stand?)
  • Split-screen watercolor illustration showing an older man in a library with a $5,181 check and an older woman in a kitchen with a $2,076 che Morgan Freeman vs. the Average American: Who Gets More in Social Security?
  • An editorial illustration of a person guided through a bank-wall maze away from a basic account door toward a premium fee-paying door. These Banks Are Accused of Pushing Customers Away From Basic Accounts
  • An ink and watercolor illustration of an older couple entering a cozy, sunlit neighborhood diner. The SNAP Restaurant Meals Program: Which States Allow Seniors to Use Benefits at Restaurants
  • A mid-century gouache illustration of a relaxed retired man sitting in a lounge chair with a tablet, balancing work and leisure. 12 Stress-Free Jobs for Retirees With High-Salaries
  • A retired couple relaxing on a stone terrace overlooking a Mediterranean coastal village during sunset, captured in warm film photography. The 30 Best Countries to Spend Your Retirement In – Which One Is Your Favorite?
  • An active retiree in his late 60s working part-time at a sunlit plant nursery greenhouse, watering green seedlings. The Part-Time Jobs With a 401(k) Match That Most Retirees Don't Know Exist
  • A woman sits on a moving box in her urban apartment, looking at a laptop showing scenic mountain relocation programs. These US Towns Will Pay You to Move There
  • An editorial illustration of a mailbox with a Social Security check inside, having a 32% slice snipped off by scissors labeled Medicare. Medicare Part B Ate 32% of Last Year's COLA. Will It Happen Again in 2027?

Newsletter

Get money-saving tips and personal finance advice delivered to your inbox.

Related Articles

A person in their late 50s thoughtfully reviews Social Security paperwork at a sunlit kitchen table with a laptop and coffee.

Social Security Mistakes That Could Cost You Thousands in Retirement

Learn about the costliest Social Security mistakes retirees make, from triggering earnings limits to miscalculating…

Read More →
A person in a cozy sweater holding a ceramic mug in a sunlit breakfast nook, evoking a sense of quality and comfort.

10 Things You Should Always Pay More For (They’re Worth Every Penny)

Discover why spending more upfront on items like mattresses, dental care, and appliances saves you…

Read More →
garage sale items to avoid

6 Garage Sale Items to Avoid at All Costs!

2. Food Another one of the garage sale items to avoid is food! And while…

Read More →
A close-up photograph of a person at a kitchen table reviewing their bank accounts on a phone next to a notepad of calculations.

Using Autopay? Avoid These 6 Common Mistakes

Learn how to avoid costly overdrafts, late penalties, and budget traps when using automatic bill…

Read More →
A person organizing a folder labeled 2026 Financial Master on a sunlit wooden table surrounded by legal documents and a coffee mug.

9 Financial Documents Every Adult Should Update This Year

Protect your wealth and secure your legacy by updating these 9 essential financial documents, including…

Read More →
inheritance mistakes

Inheritance 101: Mistakes You Must Avoid

Very few people are prepared to receive an inheritance. Most people don’t know what to…

Read More →
gig economy

10 Interesting Things to Know About the Gig Economy

A freelancer works on a tablet in a vibrant cafe while a smartphone displays available…

Read More →
Donald Trump Money Secrets tax plans tariff

12 Money Secrets from Donald Trump

Architectural blueprints and a rising financial graph on a tablet illustrate the strategic foundations of…

Read More →
amazon prime, money

Here’s How to Get Your Refund From Amazon’s $2.5B FTC Settlement

2. Who Is Eligible for a Refund? Not all Amazon Prime members are automatically eligible…

Read More →
The Money Place

Make money work for you!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Trust & Legal

  • Subscribe
  • Unsubscribe
  • Newsletter
  • Terms and Conditions
  • Do not sell my personal information
  • Privacy Policy
  • Contact
  • Request to Know
  • Request to Delete
  • CA Private Policy

Categories

  • Budgeting
  • Personal Finance
  • Shopping
  • Taxes

© 2026 The Money Place. All rights reserved.