Comments on: The high-cost index-fund 401(k) http://blogs.reuters.com/felix-salmon/2013/02/22/the-high-cost-index-fund-401k/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: realist50 http://blogs.reuters.com/felix-salmon/2013/02/22/the-high-cost-index-fund-401k/comment-page-1/#comment-45949 Sat, 23 Feb 2013 22:08:53 +0000 http://blogs.reuters.com/felix-salmon/?p=20645#comment-45949 To Auros’s point, – $50k per year isn’t off by much as an assumption for someone who is 25 years old with a bachelor degree and a full time job – http://nces.ed.gov/fastfacts/display.asp  ?id=77 .

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By: Auros http://blogs.reuters.com/felix-salmon/2013/02/22/the-high-cost-index-fund-401k/comment-page-1/#comment-45944 Fri, 22 Feb 2013 22:25:01 +0000 http://blogs.reuters.com/felix-salmon/?p=20645#comment-45944 To be fair to Schwab, their starting point for the “average worker” sounds reasonably typical _for a worker who has access to any kind of retirement plan_. (The rest of the assumptions are, as you say absurd, but then, so are many of the assumptions that companies have used over the decades to pretend their pension funds were adequately funded.) You have to remember that some very large portion of workers are people who are employed with hourly wages and no benefits in crummy service jobs. (Those jobs _ought_ to pay more and provide retirement benefits, but that’s a whole separate fight, which might be better waged through unionization than by arguing with folks like Schwab.)

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By: klhoughton http://blogs.reuters.com/felix-salmon/2013/02/22/the-high-cost-index-fund-401k/comment-page-1/#comment-45942 Fri, 22 Feb 2013 17:36:52 +0000 http://blogs.reuters.com/felix-salmon/?p=20645#comment-45942 There is good reason many of us are holding FINRA in contempt today for their declaration that Schwab should be able to declare themselves immune from class-action suits…

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