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Whether you have both options depends on your employer.
While the fee might seem small, Singh showed you could spend thousands to millions over the years.
He gave an example of contributing $1,000 per month for 40 years at a 10% return.
Youd have $5.2 million with a 0.07% fee versus $4.2 million with a 0.85% fee.
This showed the importance of comparing your investment fees to your returns.
This could lead to losing money or missing higher-earning opportunities.
Singh advised knowing the companys vesting schedule.
Singh gave an example of investing inreal estate fundswith a 401(k) but not physical properties.
This can limit your potential returns.
Even if youve got multiple types of funds, Singh explained that your diversification options are limited.
Singh recommended having some investments outside your account to better balance that out.
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