Transcript for How to Save Big for Your Retirement
I never know when I'll need relief. That's why I only choose Nicorette Mini. Amerans. 83% try. To eat althy. Fm od alonelet's Doore. Add One Da Complete wkeith try nus ientma .Y ed us bone alth suprt with Calum and Vamin D. One a dawomen's No. Hello, everyone. Reporter: Enter certified financial planner Douglas Bonaparte. One big secret is hidden right on the 401(k) Statements. Expense ratio and annual operating expenses are fancy words for added fees. Neither one sounds like fee. Beneath Ver the word fee in it. You may be able to save money by choosing investment opgs that charge less in fees and expenses. Reporter: Amanda's current investment charges her an average of 1% in fees. Switching to investments that charge less than 1%, her family could save $117,000 over 30 years. This adds up over time. Often, it's staggering. Reporter: Now, on the Ian's plan. You have five requirement plans from previous employers. Reporter: Another way to save on fees is to consolidate multiple 401(k) Plans into one plan or an I.R.A. Asking a financial adviser or using betterment and wealthfront can point you to the lowest cost investments. Supercharge your retirement savings by making your loose change work for you. Bank of America and apps like digit and acorn have tools that round up to the nearest dollar and put the exact money into an investment account. Check it out. For a $1.50 cup of coffee. You pay $20. The extra 50 cents goes to savings. You make almost $300,000 in savings at the end of 33 years. For "Good morning America," Linzie Janis, ABC news, new Jersey.
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