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401k’s are boring. There, I said it. If you’re like most sane people, you want to look at it once a decade and see your money has grown.
But, if you’re not actively managing your fund, chances are you’re paying a huge amount in hidden fees to whoever is. Which is why we are so excited about Blooom, a tool trusted by Apple and Amazon employees, made specifically to help you retire hundreds of thousands of dollars richer.
The $41,456 mistake you’re making
Most people have no clue about the amount of 401k fees they are paying. That’s a shame, because many funds are run with only their bottom line in mind, not your best interest. Blooom tries to reduce your expenses by using lower cost investment options in your 401k. It might not sound like a big deal, but their median client saves an average of $41,456* over their lifetime. What would you do with an extra $41,456 in your pocket?
Get your truly free 401k check-up
Blooom wants to make things easy by offering a completely free analysis so you can see how your 401k stacks up. In just a few minutes you can find out how much you’re losing to hidden investment management fees, if your investments are too aggressive or conservative and how much you could be missing out on by DIY-ing your 401k.
There is no commitment required to get this check-up, either. After you get the check-up you are totally welcome to stick with your 401k as is. But, given Blooom managed to reduce the fees of 79%* of the 401k’s they handle (the average person saves $166 in fees in just their first year!) there’s a good chance you’ll be able to save some serious dough.
Getting a truly free 401k analysis from Blooom could be one of the best financial decisions you ever make. Take the same three-minute check-up that Apple and Amazon employees have taken to see how much you’re paying in hidden fees. Then, relax knowing you’re set up to retire rich without lifting another finger.
*$41,456 investment fee savings based on median blooom client 401(k) balance of $47,131 assuming $5,000 annual contribution, pre-blooom investment expense ratio of .56%, post-blooom investment expense ratio of .22%, and 30 years until retirement as of January 9, 2018. Blooom is limited to the funds available in your employer-sponsored retirement account. There is no guarantee blooom can or will reduce your fund expenses.
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