In The Morning News

CNNMoney: Tips On Avoiding 401(k) Fees
Gerri Willis writes that the bill will “ensure that you have access to complete and clear information about fees associated with your 401(k). But there are still a lot of legislative hurdles to overcome, and many of us don’t want to wait for the government to make a decision.” But “not many people know what they’re paying. A recent AARP survey found that 83% of those surveyed didn’t know how much they paid in 401(k) fees and expenses.”
USA Today: Ten Myths About Investing And Finances
“Most of us cling for years to financial misconceptions, fantasies and half-truths, merrily unaware that they’re, well, myths. To help shine the light of truth on some financial fictions, staffers at USA TODAY selected 10 of the most common myths about personal finance.” Among the myths are that the “fund’s performance is the main factor in the growth of a retirement account,” which is not true because it “is the one factor over which you have the least control. The best way to increase your retirement kitty is more elementary: Save more.” Another myth is that retirees won’t “need to save that much for retirement, since…living costs will fall a lot.” Rather, one financial planner “tells clients to expect to spend more, particularly during the early years of their retirement.”
Newsweek: Scoring System Further Strains Doctor-Insurer Relations
“Scoring systems…have touched off a contentious battle between doctors and insurance companies, two groups whose relationship was already strained. Insurers say the ratings are intended to help patients get the right care at the best price,” but “being graded by insurers makes doctors uneasy. A growing number of physicians have accused giants like Cigna and United Healthcare of using dubious and secretive ranking systems to steer patients to the cheapest doctors, by claiming those are the best doctors.” AMA President Nancy Nielson said, “There is a huge conflict of interest for the insurer.” Insurers “point out that the impetus for cost-based ratings and networks comes not from insurers, but from their customers.”