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Working together on their budget

The brief’s key findings are: Individuals make the most effective financial decisions in middle age, resulting in lower fees and interest rates on credit and loan transactions. Financial performance declines for older adults, raising a potential concern as the retirement system has shifted more decisions to individuals. A range of policy responses is possible –…

Senior woman doing finances at home

The brief’s key findings are: 401(k) plan expenses include both explicit fees and trading costs. Trading costs are a major expense for actively-managed funds. While such funds do not necessarily produce higher net returns, they do handle the bulk of 401(k) equities. Without giving up active management, shifting to exchange-traded funds and commingled trusts can…