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Your email address will not be published.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

  • Illustration of a man with a magnifying glass inspecting a phone displaying water and an alert buoy anchored to the seabed. 8 Ways to Check Whether a Payment Message Is Real
  • A balance scale weighs a 3.6% COLA circle against icons of utilities, groceries, and a prescription bottle. 10 Things the 3.6% COLA Will and Won't Cover in Your 2027 Budget
  • Cutaway illustration of a lit house at dusk showing home offices, storage boxes, and a sign reading "$200 / DAY, $6,000 / MO". 8 Ways to Bring In $200 a Day Without Leaving Home
  • Illustration of storefront windows with Early Access and Doorbusters signs on an autumn street beside a calendar. 10 Stores With Early Black Friday Deals Worth Checking
  • Older woman wearing glasses seated on a wooden bench, reading a Medicare & You booklet with a budget notepad on her lap. 9 Medicare Plan Comparisons That Save Money
  • Illustration of an open cardboard box connected by glowing lines to verification icons and a vault labeled settled funds. 7 Ways to Receive Money Safely When Selling Items Online
  • Illustration of a two-story house and a sedan covered by a blue protective dome beside a membership card. Is Costco Home or Car Insurance Worth It?
  • A woman sitting on brownstone steps checks a phone notification next to a cardboard package and autumn leaves. Didn't Get Your $200 Amazon Refund? Here's What to Do
  • Older couple strapping a red kayak to a green car's roof rack near a misty lake at sunrise. 6 Money Habits of Happily Retired Couples (and How to Copy Them)
  • Illustration of an intake form with a crossed-out SSN line, beside numbered blocks entering an open safe. Never Share Your SSN in These 12 Situations

Newsletter

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

Related Articles

Illustration of attic storage transitioning into an auction gallery displaying vintage vinyl records and board games.

7 Items From the 1970s That Are Worth a Lot of Money

Discover 7 items from the 1970s worth a fortune today, from rare Star Wars toys…

Read More →
Money

Wondering If You’re Losing Money? You ARE by Throwing Away These 7 Things

Vinyl Records Events like the annual Record Store Day have hipsters and older people standing…

Read More →
A warm, candid 35mm film photograph of a grandfather, mother, and young child sitting together on a living room sofa in soft afternoon sunli

10 Signs You Should Ask the SSA About Family Maximum Benefits

Learn 10 key signs you should ask the SSA about family maximum benefits, how payment…

Read More →
An older East Asian man walks along a coastal dirt path lined with green foliage and ocean waves at sunset.

13 States Where Retirees Have the Longest Lives

Discover the 13 states where retirees live longest, along with health data, tax policies, and…

Read More →
A woman in her late 50s joyfully works on a woodworking project in her sunlit garage, representing a vibrant lifestyle.

5 Smart Ways to Use Your Life Insurance While You’re Still Alive

Learn how to maximize your permanent life insurance policy today with tax-free loans, living benefits,…

Read More →
money mistakes boomers make Social Security

11 Money Mistakes Boomers Make with Their Finances

A concerned senior reviews a past due bill, showing how financial mistakes can impact the…

Read More →
social security

Social Security Could Slash Benefits by 2035 If No Action is Taken!

A pensive man gazes out a window, holding a mug while contemplating the future safety…

Read More →
reasons to buy an ugly home

6 Reasons Why an Ugly Home Could Be a Steal

Meticulously restoring original features like stained glass is a perfect way to add value and…

Read More →
A retired couple reviews physical financial statements together at a sun-drenched wooden table in a cozy home setting.

9 Signs Your Investment Portfolio Needs Rebalancing in Retirement

Discover 9 clear signs your retirement portfolio needs rebalancing to manage risk, optimize RMDs, protect…

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.