Tuesday, March 02, 2010
How you can lose money in a money fund: Fees
If you invest in a money fund, you probably think you won't lose money.
But if your money fund is in a variable annuity, you probably lost anywhere from 1% to 3% the past 12 months — not because the funds' investments were bad, but because of additional fees the variable annuity charges.
After fees, some money fund accounts in 401(k) plans may have lost money the past 12 months for the same reason...
USA Today: How you can lose money in a money fund: Fees
But if your money fund is in a variable annuity, you probably lost anywhere from 1% to 3% the past 12 months — not because the funds' investments were bad, but because of additional fees the variable annuity charges.
After fees, some money fund accounts in 401(k) plans may have lost money the past 12 months for the same reason...
USA Today: How you can lose money in a money fund: Fees
Permalink posted by markw @ 4:48 AM 
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