This Type of Investment Just Keeps Getting Cheaper

The rewards continue to pile up for anyone who has the discipline and determination to save for retirement. Mutual fund fees fell to a new record low in 2019, Morningstar reports. The asset-weighted average expense ratio reached an all-time low of 0.45% last year — down from 0.48% in 2018. That’s a 6% decline from 2018 to 2019, according to Morningstar’s latest annual study of mutual fund fees.

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