US News and World Report quoted me in their article “Your Retirement Benefits: What to Expect in 2013” on their website this week.
I shared my thoughts on 401(k) fee disclosures. 401(k) providers are required to disclose the fees for the plan. All things being equal, if two funds are simlar but one has lower fees than the other, choosing the fund with lower fees will allow the investor to keep more of their money invested for their future.
The article is full of information on a variety of topics. It covers information about changes to contribution limits, the Roth IRA income limit increase, the saver’s credit, the pension insurance limit for 2013, the increase in Social Security taxes (expiration of the tax cut), and Medicare premiums and coverage.