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July 3, 2008
Posted: 12:28 PM ET
As the stock market falls along with our investment value, it’s more important now than ever to pay attention to mutual fund fees.  1. Calculate the Impact Fees make the impact between making money…and not making money. A 1% difference in fees and expenses would reduce your account balance at retirement by 28%. 2. Get the details Here are some fees that may be attached to your mutual fund. In addition to the expense ratio—which can include everything from advisory fees to administrative costs like printing and postage—there can be load fees. A “load” is simply a sales charge. Keep fees below 1 percent for a stock fund and below 0.75 percent for a bond fund. 3. Do your homework Your funds’ prospectus should outline all the fees, but you can also check out Morningstar.com. Just type in the fund you’re interested in and you’ll be able to get an outline of the expense ratio and the “load” amount. You can catch Gerri’s Top Tips every day at 10:30 am on CNN. Posted by: Gerri Willis: CNN Personal Finance Editor |
 
About this blog
CNN's team of experts share their top tips to help you become a wise consumer. We know you're busy, and that's why our tips are quick and effective. From health to personal finance, we'll arm you with the information you need to make smart choices.  Contributors
Gerri Willis is CNN's Personal Finance Editor, hosting Open House and appearing regularly on American Morning.
 Ali Velshi is CNN's Senior Business Correspondent, hosting Your $$$$$ and appearing regularly on American Morning.
 Dr. Sanjay Gupta is CNN's Chief Medical Correspondent and host of House Call.
 Elizabeth Cohen offers up medical advice in her weekly Empowered Patient report.
 Judy Fortin's Health Minute segment runs daily weekdays on Headline News.
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