Saving for retirement is important, but many retirement funds and savings accounts—even those offered by employers—often come loaded with fees that can take a serious bite out of your bottom line savings. Even worse, those fees aren't well disclosed. Feex is a new service that sheds light on them.
To use Feex, you'll have to sign up and hook in your IRA account or savings provider. Once you do, the service will examine the funds you're invested in, the fees associated with them, and report back to you what those fees are and how they compare to other, similarly performing funds. You'll even see how that'll affect your bottom line when it's time to retire, based on the fund's past growth and performance. This kind of information is usually dense and difficult to interpret, but Feex puts it all on easy-to-read graphs that show you how much you're putting in, how much you're actually paying for the privilege of investing, and how much you'll have spent in fees by the time your funds mature.
The service supports most major investment firms right now, including Fidelity, Ameritrade, eTrade, Prudential, Vanguard, and Charles Schwab. Once you're connected, you can always come back to review your accounts later, and see everything in one place. Best of all, the service is completely free, and doesn't sell you financial products. Hit the link below to learn more.
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