Rick Meigs

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Last quote by Rick Meigs

It's death by a thousand cuts. Obviously, if you're paying 3 percent vs. 1 percent compounded over 25 years, it's a ton of money. But even 25 or 50 basis points (0.25 percent or 0.50 percent) extra adds up over time. It's a different story for Jane's Machine Shop, which employs 10 people and has Jane's broker brother handling the plan.feedback
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Apr 06 2017
Rick Meigs has most recently been quoted in an article called What you don't know about 401(k) fees can cost you plenty. Rick Meigs said, “It's death by a thousand cuts. Obviously, if you're paying 3 percent vs. 1 percent compounded over 25 years, it's a ton of money. But even 25 or 50 basis points (0.25 percent or 0.50 percent) extra adds up over time. It's a different story for Jane's Machine Shop, which employs 10 people and has Jane's broker brother handling the plan.”.
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