<prompt> Human: This interview, among other things, pushed me to run away from my high-fee 401k. Thought rpf might like it... Make sure you know what youre being charged.  <response>: See also: Fees are amazing in their impact. I also cringe every time I hear oh but the adviser only charges me 1year ... I mean, considering one can expect maybe 3-5 real after inflation returns annually on a typical portfolio, that 1 is gigantic and it compounds relentlessly you pay it even in bad years.There is a whole huge industry, though, that has basically one goal: to convince you they arent robbing you blind even though they are :P 