LOW COST RETIREMENT SOLUTIONS BASED ON ROBO-ADVISORS AND EXCHANGE TRADED FUNDS
This paper briefly analyzes American retirement system and bares its shortcomings. The post crisis economic reality, low savings rates and misguided policy changes, requires searches for new retirement solutions. Especially it’s worth to have a second look at costs of traditional retirement product...
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| Format: | Article |
| Language: | English |
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Nicolaus Copernicus University in Toruń
2018-03-01
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| Series: | Copernican Journal of Finance & Accounting |
| Subjects: | |
| Online Access: | https://apcz.umk.pl/CJFA/article/view/16357 |
| _version_ | 1797720947270090752 |
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| author | Kamil Nowak |
| author_facet | Kamil Nowak |
| author_sort | Kamil Nowak |
| collection | DOAJ |
| description |
This paper briefly analyzes American retirement system and bares its shortcomings. The post crisis economic reality, low savings rates and misguided policy changes, requires searches for new retirement solutions. Especially it’s worth to have a second look at costs of traditional retirement products. Analysis of mutual funds expense ratios and financial advisors fees proofs their significant impact on future retirement. New products based on ETFs and managed by robo advisors are the low cost alternative. The substance of this paper is cost comparison of traditional retirement products with innovative FinTech solutions. In a result of this analysis robo advisors and ETFs turned out to be definitely more cost effective, what makes investing more accessible and substantially increases future retirement.
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| first_indexed | 2024-03-12T09:26:50Z |
| format | Article |
| id | doaj.art-e89a1d38512240ea83832ead9e224927 |
| institution | Directory Open Access Journal |
| issn | 2300-1240 2300-3065 |
| language | English |
| last_indexed | 2024-03-12T09:26:50Z |
| publishDate | 2018-03-01 |
| publisher | Nicolaus Copernicus University in Toruń |
| record_format | Article |
| series | Copernican Journal of Finance & Accounting |
| spelling | doaj.art-e89a1d38512240ea83832ead9e2249272023-09-02T14:11:20ZengNicolaus Copernicus University in ToruńCopernican Journal of Finance & Accounting2300-12402300-30652018-03-0163LOW COST RETIREMENT SOLUTIONS BASED ON ROBO-ADVISORS AND EXCHANGE TRADED FUNDSKamil Nowak0Nicolaus Copernicus University in Torun This paper briefly analyzes American retirement system and bares its shortcomings. The post crisis economic reality, low savings rates and misguided policy changes, requires searches for new retirement solutions. Especially it’s worth to have a second look at costs of traditional retirement products. Analysis of mutual funds expense ratios and financial advisors fees proofs their significant impact on future retirement. New products based on ETFs and managed by robo advisors are the low cost alternative. The substance of this paper is cost comparison of traditional retirement products with innovative FinTech solutions. In a result of this analysis robo advisors and ETFs turned out to be definitely more cost effective, what makes investing more accessible and substantially increases future retirement. https://apcz.umk.pl/CJFA/article/view/16357robo advisorsETFretirement |
| spellingShingle | Kamil Nowak LOW COST RETIREMENT SOLUTIONS BASED ON ROBO-ADVISORS AND EXCHANGE TRADED FUNDS Copernican Journal of Finance & Accounting robo advisors ETF retirement |
| title | LOW COST RETIREMENT SOLUTIONS BASED ON ROBO-ADVISORS AND EXCHANGE TRADED FUNDS |
| title_full | LOW COST RETIREMENT SOLUTIONS BASED ON ROBO-ADVISORS AND EXCHANGE TRADED FUNDS |
| title_fullStr | LOW COST RETIREMENT SOLUTIONS BASED ON ROBO-ADVISORS AND EXCHANGE TRADED FUNDS |
| title_full_unstemmed | LOW COST RETIREMENT SOLUTIONS BASED ON ROBO-ADVISORS AND EXCHANGE TRADED FUNDS |
| title_short | LOW COST RETIREMENT SOLUTIONS BASED ON ROBO-ADVISORS AND EXCHANGE TRADED FUNDS |
| title_sort | low cost retirement solutions based on robo advisors and exchange traded funds |
| topic | robo advisors ETF retirement |
| url | https://apcz.umk.pl/CJFA/article/view/16357 |
| work_keys_str_mv | AT kamilnowak lowcostretirementsolutionsbasedonroboadvisorsandexchangetradedfunds |