OAKLAND — California Attorney General Rob Bonta today issued a statement in response to Senate Bill 478 (SB 478), a bill that he sponsored, being signed into law by Governor Gavin Newsom. Coauthored by Senator Bill Dodd (D-Napa) and Senator Nancy Skinner (D-Berkeley), the legislation will prohibit hidden fees (also called ‘junk fees’) in California beginning on July 1, 2024.
I hope this will make it clear how much people actually pay on their retirement accounts. Far too many people I talk to don’t realize that they are paying an “expense ratio” on their investment funds.
I hope this will make it clear how much people actually pay on their retirement accounts. Far too many people I talk to don’t realize that they are paying an “expense ratio” on their investment funds.