Florida Retirement System

Back Watch those fees

What you don't know can cost you plenty over time and cut into your retirement nest egg. Did you know that if you pay 1% each year in fees on an investment of $20,000, then you'll have about 25% less ($64,000 less) after 30 years then you would have if there were no fees?

The administrative fees that some IRAs and investment funds charge can also have a big impact on your retirement savings. They seem little but they can really add up.

Check it out

You can check out the fees for thousands of investment funds and each of the funds in the Investment Plan by logging on to MyFRS.com or calling a financial planner at the toll-free MyFRS Financial Guidance Line — 1-866-446-9377, Option 1. You can also use the cost calculator in the MyFRS.com tools to see the long-term effect of fees and expenses.