11 Retirement Hacks to Help Your Money Last

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3) Invest Smarter

Mutual funds that have the letters A, B, or C in them are likely costing you more money in the short and long run. Depending on the class, mutual funds come with a purchase fee, high maintenance fee, up-front fees, and other charges. These can be significantly more expensive than the alternative, which are Exchange Traded Funds. ETFs have several advantages over the much more widely used mutual funds. One is the ease and flexibility at which you can sell your ETFs. You can buy and sell them throughout the day, whereas with the other ones you’re limited to just once a day. ETF will also cost you a lot less. There’s no exit fee, no annual fee, no distribution fee, and no early withdrawal penalties. Another positive aspect of ETFs is their transparency. Mutual funds report their holdings 4 times a year. ETFs do this daily.

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