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Detailed text transcripts for TV channel - KGO - 20120531:10:20:00 - Vimarsana News

Detailed text transcripts for TV channel - KGO - 20120531:10:20:00

Not thieves. big firms that manage the 401(k)s. >> most employees are in the dark. >> reporter: one new report estimates a working couple could pay as much as $155,000 in hidden 401(k) management fees over their lifetime. the fees are deducted from the money you put in. and yet an aarp survey found 7 out of 10 people didn't know they paid 401(k) fees at all. >> if you're not aware of what you're paying, then at the end of a 30-year working career, you can have a lot less in retirement savings than you expected to have. >> reporter: for example, if you put $5,000 into your 401(k) every year and...

Detailed text transcripts for TV channel - KGO - 20120531:08:50:00 - Vimarsana News

Detailed text transcripts for TV channel - KGO - 20120531:08:50:00

Not thieves. big firms that manage the 401(k)s. >> most employees are in the dark. >> reporter: one new report estimates a working couple could pay as much as $155,000 in hidden 401(k) management fees over their lifetime. the fees are deducted from the money you put in. and yet an aarp survey found 7 out of 10 people didn't know they paid 401(k) fees at all. >> if you're not aware of what you're paying, then at the end of a 30-year working career, you can have a lot less in retirement savings than you expected to have. >> reporter: for example, if you put $5,000 into your 401(k) every year and...