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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76419  
Subject: Funds Under Pressure to Reduce Fees Date: 8/13/2003 12:50 AM
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http://www.ctnow.com/business/hc-fundfees0810.artaug10,0,4645090.story?coll=hc-headlines-business

But Holmes, 57, who retired in March and rolled over his 401(k), is paying as much as 4.1 percent in annual fees on his investments. The charges include 2 percent annually to the financial adviser he hired this year and 1.6 percent on a variable annuity.

I see a life of penury and destitution for Mr. Holmes -- on the other hand, I see a well-upholstered retirement for his financial advisor. <LOL>

intercst

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