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Reply to "Am I overpaying my financial advisor?"
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[quote=Anonymous]18:16 here again. I used the Schwab investment fee calculator to see how much the fees would cost you at the end of 20 years using the following assumptions: $750,000 starting balance, no additional funds put in, 7% returns. You would have $450,000 (about 16%) less in the account charging 1.25% than in the one charging 0.3%. DIYing with no investment fee would give you greater than $600,000 more. It saving would be even greater of course if you are annually putting in funds over that period. https://www.schwabmoneywise.com/investment-fees-calculator[/quote]
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