Adviser Fee Reality: 1% Fees will cost you $1,000,000
Unfortunately, over twenty years or so, the $1 million cost for many is no exaggeration, much of it is hidden by rising markets and lost appreciation. If you understand one thing about risk, this should be it. Click on the Fee Illustration that I have prepared and print it out. I used an 8% straight line growth rate and a 4% ($40,000/yr) withdrawal rate on a $1 million dollar portfolio over 20 years to illustrate. I am saving commentary for later posts but the facts are c