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Financial Planning / Social Security Reform


Subject:  Re: Re: Social Security Lessons Date:  9/7/2005  9:08 AM
Author:  ziggy29 Number:  4575 of 5269

>> Unfortunately the majority is lacking in financial knowledge--no question about that. They believe Wall Street and the big banks are out to cheat them. And hasn't that happened far too often? <<

These are the scare tactics that AARP uses, even as their Wall Street "partners" often charge fees of more than 1% on AARP stock mutual funds...all the while proclaiming that the TSP funds, with an 0.06% expense ratio, are a giveaway to Wall Street and too unsafe. Best get with the program and put your money in an AARP fund paying 1.4% in fees.

AARP gets a bigger cut, in terms of percentage, for merely allowing its name to be used on the fund than the TSP collects in actual expenses for its funds.

Who's cheating whom here?

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