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Bonus Tip: Continued…
30 Years 30 Years 30 Years
But wait, we aren’t finished. Let me demonstrate what’s really gonna happen. Let’s
look at Amy on the left. Assuming we’re working together and since I am a fee only
planner, you’ll only be paying on average .05%. So, Amy puts in the same 100
thousand and it grows at the same return of 8%. After 30 years Amy has, $992,383.
Just because you paid almost 2% less in fees. Not because you did better in the
market, not because you saved anymore, just because your fees are less, your
account grew to almost a Million Dollars!
The difference between .05% and Lisa’s 2% fee is 418K. Can you see how powerful
this is? This is something that most people will never quite understand. Your advisor
may say, its ONLY 1% or 2% and many times even 3%- but now you know better.
You can invest in products that only cost .05%, which over 30 years will save you
$418 thousand dollars! And, on top of that, as previously mentioned, in most cases
your portfolio will also outperform the one they are recommending.
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