Ask Suze & KT Anything: All About Retirement Accounts
Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
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What's the Difference Between 5.75% and 0.74%?
A sales load of 5.75% goes directly to the salesperson to pay his or her commission. That means your fund has to increase in value, 5.75%, just for you to break even. "Nobody should have to pay a commission to buy a mutual fund within a retirement account at an employer's," she says.
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