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Your email address will not be published.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

  • Laptop showing an order return screen beside folded cardigans, a shipping box, and a return label on a table. 10 Store Return Tricks That Backfire on the Shopper
  • A senior couple sits at a wooden table, with the woman reading a retirement summary paper while the man drinks coffee. 7 Reasons Retirees Are Choosing Fixed Indexed Annuities
  • A mature man sits on a sunny terrace overlooking a hillside town, beside a steaming mug and a tablet displaying bank balances. 12 Countries Where American Retirees Can Bank Without Extra Fees
  • A woman sits at a wooden dining table reviewing retirement account paperwork alongside folders, mail, and eyeglasses. 10 Signs You Need to Update Your Beneficiaries Now
  • Man sitting at an outdoor café table examining a U.S. passport, tax documents, and an espresso cup. 12 Countries With Tax Treaties That Protect Retiree Income
  • Senior couple sitting at a wooden table in a sunlit kitchen, the man drinking from a mug and the woman reading a book. 11 Money Habits That Separate Relaxed Retirees From Anxious Ones
  • Senior man sitting at a wooden table looking thoughtfully at a financial portfolio on a digital tablet. 8 Reasons Retirees Are Ditching Traditional Banks
  • Watercolor illustration of a senior couple walking down a trail past milestone markers labeled 2027, Tax Policy, and 2028. What Are the Projected IRMAA Brackets for 2027 and 2028?
  • Senior man sitting at a wooden desk with paperwork, a pen, and a steaming mug, looking thoughtfully out a window. 12 Biggest Money Mistakes to Avoid in Your 70s
  • A senior couple reviews financial documents, a monthly budget, and a year-end planner at a dining table. 8 Ways Retirees Could Save $10,000 by the End of the Year

Newsletter

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

Related Articles

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?

Explore the 30 best countries for retirement in 2026, complete with current visa requirements, healthcare…

Read More →
net worth

11 Important Assets That Will Boost Your Net Worth

House keys and a leather journal on a sunlit desk symbolize the tangible assets that…

Read More →
An older couple sitting at their kitchen table thoughtfully reviewing financial papers with the number 2,084 written on a pad.

A Social Security Advisor Answers the 10 Questions Retirees Ask Most

Learn key social security advisor advice on claim ages, earnings tests, taxes, and spousal rules…

Read More →
An older man wearing a denim apron and gloves tends to potted plants on wooden shelves inside a greenhouse.

12 Low-Stress Part-Time Jobs Perfect for Retirees

Discover 12 low-stress part-time jobs for retirees offering flexibility and steady pay. Learn key Social…

Read More →
Ink drawing of a person cutting a giant price tag to reveal a lower price underneath, symbolizing the power of negotiation.

10 Things You Should Always Negotiate but Most People Never Do

Learn how to negotiate everyday expenses like medical bills, credit card rates, rent, and insurance…

Read More →
Illustration of a Social Security card featuring a heavy gold bank vault door in the center.

10 Riskiest Places to Give Your Social Security Number

Discover the 10 riskiest places to share your Social Security number, when you can legally…

Read More →
small business

Top 7 Best Small Business Ideas to Start After 50

2. Create online courses If you’re still on point with all the information you’ve gotten…

Read More →
A senior man smiling at a laptop in a sunlit public library with books on the table and a park view through the window.

10 Simple Retirement Joys That Cost Nothing

Discover ten fulfilling and completely free activities for retirees, from college auditing and premium fitness…

Read More →
A person at a kitchen table comparing a digital stock app on a smartphone to an old handwritten ledger book.

8 Money Habits Americans Learned From Their Parents That No Longer Work

Discover eight outdated money habits inherited from older generations and learn actionable, modern strategies to…

Read More →
The Money Place

Make money work for you!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Trust & Legal

  • Contact
  • Editorial Policy
  • Advertiser Disclosure
  • FAQ
  • Subscribe
  • Unsubscribe
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • Do not sell my personal information
  • Request to Know
  • Request to Delete
  • CA Private Policy

Categories

  • Budgeting
  • Personal Finance
  • Shopping
  • Taxes

© 2026 The Money Place. All rights reserved.