Have you ever taken a look at your 401(k) plan and thought to yourself, “These options are terrible. The historical rate of return is low and the fees seem higher than normal.” Typically, those of us that say this just shrug our shoulders in defeat and sign up for the funds that look the best to us.
Not so long ago, in a city not so far away… I spent a fair amount of time picking stocks and trying to beat the market. I will be honest, I was pretty good at it. However, the time and effort it took did not always justify the effort. Over time, I have moved more toward investing in ETFs and mutual funds so I don’t have to worry as much about my money. With that change, though, came new costs and fees that I have to manage.
I rarely use cash anymore, but it is inevitable that we all need cash for something at one time or another. To make sure you don’t get stuck throwing away money on ATM fees, plan ahead or follow these tips.
I had a checking account at US Bank for more than ten years. When I signed up, I filled out forms for a “free checking for life” account. Last year, they decided to start charging a monthly fee. I closed the account. While there was no option to keep my free checking for life at US Bank, I have found many banks that offer free accounts.
Update August 12, 2013 – PerkStreet financial has ceased operations, so this list now only contains three banks.
I know I just told you why it is such a good idea to keep every account at one bank. It is convenient and can save you money. However, it might not really be that great of an idea.