Finding a Safe Retirement IRA

According to the Government Accountability Office report on401(k) plans, people are better off “leaving the money at work” by staying intheir employer’s 401(k) plans.  However,the fees associated with 401(k) plans, especially small company plans, extractan absurd amount from the saver’s return. 

A better idea is to rollover into a safe retirementIRA.  When searching for a saferetirement IRA, savers should look for plans that offer a broad selection ofexchange-traded funds and inexpensive index funds, plans with no “maintenance”fees, and plans with fees that are limited to commissions on trades.  Many big brokerage houses already offer saferetirement IRAs with these characteristics.

See Mitch Tuchman,You Can Find a Safe Retirement IRA,Forbes, Apr. 9, 2013.

Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J.Cohan, P.C.) for bringing this article to my attention.