LogFAQs > #904955156

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Topic	Pension fund managers have cost Americans more than $600b in the past decade
clearaflagrantj 07/12/18 2:55:21 PM #7:	Questionmarktarius posted... People who work on commission get paid commission? Plenty aren't fudiciaries and are literally robbing people because they don't have a legal obligation to act in their best interests. Personally I blame the individual though. My job offers a SIMPLE IRA through Fidelity, money set aside for retirement sits in a money market account and it's your responsibility to invest it. I talked to my coworker about it and he didn't realize this, his money has been sitting in the account earning nothing. He missed 15 years of investment growth. None of my coworkers realized they could invest their HSAs either. These people are uneducated. <cite>clearaflagrantj posted [p:904955156] in Pension fu... [t:76800690]...</cite> <quote><cite>Questionmarktarius posted...</cite> <quote>People who work on commission get paid commission?</quote> Plenty aren't fudiciaries and are literally robbing people because they don't have a legal obligation to act in their best interests. Personally I blame the individual though. My job offers a SIMPLE IRA through Fidelity, money set aside for retirement sits in a money market account and it's your responsibility to invest it. I talked to my coworker about it and he didn't realize this, his money has been sitting in the account earning nothing. He missed 15 years of investment growth. None of my coworkers realized they could invest their HSAs either. These people are uneducated.</quote> ... Copied to Clipboard!
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