Want More Retirement Income? Lower Your Portfolio Fees

Retirees who reduce their portfolio costs by using lower-cost funds realize larger withdrawals and ending wealth.

Retirement portfolios usually contain mutual funds and/or exchange-traded funds (ETFs). These funds charge an annual expense ratio, unlike individual securities such as shares of stock in a publicly traded company or a bond issued by a company or government. All mutual funds and ETFs charge an expense ratio. (Outside of temporary fee waivers, Fidelity’s…