Know the Fees that Eat Away at Your 401(k) on Mamiverse.com

 

My latest article on Mamiverse.com talks about the new rule that says that each person that has a 401k must get a statement that can actually be read! Lol Read to find out where the fees are going, the types of fees involved and why it matters. Find the complete article online at Mamiverse.com.

Employees that invest in their company’s 401(k) plan should be able to understand their statements. A new rule from the Labor Department will, for the first time, enable many investors to understand how much of their investment dollars are going up in fees. “I know it’s there and that there’s money involved for me, but other than that I really don’t know how to access how much I have etc.,” says Lupe Zuniga of Waco, Texas. Each person that has money in a 401(k) should have received a statement by August 30 detailing how much money they have invested in which funds and how much they pay for that privilege.

Read the whole article here.

 

 

 

Shay Olivarria is the most dynamic financial education speaker working today. She speaks at high schools, colleges, and companies across the country. She has written three books on personal finance, including Amazon Best Seller “Money Matters: The Get It Done in 1 Minute Workbook”. Shay has been quoted on Bankrate.com, FoxBusiness.com, NBC Latino and The Credit Union Times, among others. To schedule Shay to speak at your event visit www.BiggerThanYourBlock.com

 

$500 Scholarship from Home Depot for Construction Trade Programs

From EC&M:

The Home Depot, Atlanta, recently established its first-ever trade scholarship program. Through the program, the company will award more than 600 students enrolled in building and construction trade programs $500 to help offset the cost of tuition, fees, books, and supplies. In total, more than $300,000 in scholarships will be awarded to support the future leaders of the building and construction industries this fall.

The Home Depot trade scholarship program is open to students nationwide currently enrolled in a building and construction trade school program at a college, university, or accredited educational institution who will be entering into the final year or term of their degree or career program. Winners will be selected based on academic performance, leadership, and work experience. English and Spanish applications are available online at The Home Depot Web site. The application deadline is June 20. Winners will be announced in September.