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Reply to "Financial Advisor, cost per year "
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[quote=Anonymous]It's worth taking a look at the effect of financial advisor fees on your portfolio to analyze how much it will cost. The advisors like to say 1% because it sounds so small; however, it really adds up over time. For someone like you with likely 20 years ahead of you, paying 1% will mean you end up with 18% less money at your death. If you have 30 years with this advisor, that become over 25% less money. If that is worth it to you, then proceed. Many people find that intolerable and learn to invest themselves with simple portfolios and index funds. Here is some reading material: https://www.bogleheads.org/wiki/How_much_do_you_lose_to_annual_fees_after_many_years%3F https://web.archive.org/web/20161110064941/http://vanguardblog.com/2011/10/28/stopping-the-silent-killer-of-returns/ [/quote]
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