What Your Broker & Financial Advisor Don't Want You To Know!
The Costs Of “Qualified” Plans
* Taxes - The largest expense of all.
* Broker Fees - 1 ~ 3%
* Front-end Load Fees
* Trading Fees - varies
* Administrative Costs - .20% to - .40%
* Distribution Fees - .25% to 1%
* 12-b1 Fees
* High "Turnover" ratios
WOULD YOU LIKE A FREE, INDEPENDENT THIRD PARTY REVIEW OF YOUR ACCOUNTS TO LEARN AND FIND OUT ALL THE FEE’S THAT ARE NOT BEING DISCLOSED TO YOU?
Fill out the form at the bottom of this page and write in the comments Section: free report.
The investment advisory fee or management fee is the money necessary to pay the manager(s) of the mutual fund. On average, this fee is about 0.50% to 1.0% annually of the fund's assets, and is necessary to make sure that the manager of the fund can be very well-dressed at all times and is able to go on good vacations.
Administrative costs are the costs of record keeping, mailings, maintaining a customer service line, etc. These are all necessary costs, though they vary in size from fund to fund. The thriftiest funds can keep these costs below 0.20% of fund assets, while the ones who use engraved paper, colorful graphics, and answers their phones with pretentious accents might fail to keep administrative costs below 0.40% of fund assets
The 12b-1 distribution fee. This fee ranges from 0.25% of a fund's assets all the way up to 1.0% of the fund's assets. This fee is used for marketing, advertising, and distribution services. Yup, that's right. If you're in a fund with a 12b-1 fee, you're paying every year for the fund to run commercials and sell itself..
In Short with Any Qualified Plan you have Taxes and Fees. And the Worst part….. You’re paying taxes on Fees when You’ll never even see or touch that money!! REMEMBER THE LOST OPPORTUNITY COSTS ON YOUR MONEY!!
Do you know what your retirement account will be worth on the day you plan to tap into it?
Do you know what the tax rates will be for the rest of your life? Do you know how long you're going to live?
Most people have no clue...and that's the problem with conventional financial planning: It's based on things you can't predict or control.
Wall Street lost more than 49% of the typical investor's money – twice – since the year 2000. And studies show that because they followed the conventional wisdom, almost half of all Boomers won't have enough money to cover even basic living expenses during their retirement years.
Now the financial gurus whose advice got you into this mess in the first place are telling you to "take more risk," "work till you drop," and "plan on spending less in retirement."
Or have you ever heard the old phrase..."Your in it for the "Long Haul".
Don't let them fool you again!
Find out to beat the system to secure your families' financial future without gambling in the Wall Street Casino or taking any unnecessary risks. You'll discover a proven step-by-step plan for growing your wealth safely, predictably, and guaranteed every single year – even when the markets crash.
And you'll learn how to bypass banks, credit card and financing companies to become your own source of financing for cars, vacations, a college education, business expenses and other major purchases.
* Taxes - The largest expense of all.
* Broker Fees - 1 ~ 3%
* Front-end Load Fees
* Trading Fees - varies
* Administrative Costs - .20% to - .40%
* Distribution Fees - .25% to 1%
* 12-b1 Fees
* High "Turnover" ratios
WOULD YOU LIKE A FREE, INDEPENDENT THIRD PARTY REVIEW OF YOUR ACCOUNTS TO LEARN AND FIND OUT ALL THE FEE’S THAT ARE NOT BEING DISCLOSED TO YOU?
Fill out the form at the bottom of this page and write in the comments Section: free report.
The investment advisory fee or management fee is the money necessary to pay the manager(s) of the mutual fund. On average, this fee is about 0.50% to 1.0% annually of the fund's assets, and is necessary to make sure that the manager of the fund can be very well-dressed at all times and is able to go on good vacations.
Administrative costs are the costs of record keeping, mailings, maintaining a customer service line, etc. These are all necessary costs, though they vary in size from fund to fund. The thriftiest funds can keep these costs below 0.20% of fund assets, while the ones who use engraved paper, colorful graphics, and answers their phones with pretentious accents might fail to keep administrative costs below 0.40% of fund assets
The 12b-1 distribution fee. This fee ranges from 0.25% of a fund's assets all the way up to 1.0% of the fund's assets. This fee is used for marketing, advertising, and distribution services. Yup, that's right. If you're in a fund with a 12b-1 fee, you're paying every year for the fund to run commercials and sell itself..
In Short with Any Qualified Plan you have Taxes and Fees. And the Worst part….. You’re paying taxes on Fees when You’ll never even see or touch that money!! REMEMBER THE LOST OPPORTUNITY COSTS ON YOUR MONEY!!
Do you know what your retirement account will be worth on the day you plan to tap into it?
Do you know what the tax rates will be for the rest of your life? Do you know how long you're going to live?
Most people have no clue...and that's the problem with conventional financial planning: It's based on things you can't predict or control.
Wall Street lost more than 49% of the typical investor's money – twice – since the year 2000. And studies show that because they followed the conventional wisdom, almost half of all Boomers won't have enough money to cover even basic living expenses during their retirement years.
Now the financial gurus whose advice got you into this mess in the first place are telling you to "take more risk," "work till you drop," and "plan on spending less in retirement."
Or have you ever heard the old phrase..."Your in it for the "Long Haul".
Don't let them fool you again!
Find out to beat the system to secure your families' financial future without gambling in the Wall Street Casino or taking any unnecessary risks. You'll discover a proven step-by-step plan for growing your wealth safely, predictably, and guaranteed every single year – even when the markets crash.
And you'll learn how to bypass banks, credit card and financing companies to become your own source of financing for cars, vacations, a college education, business expenses and other major purchases.
What Are the Costs of Fees Over Time? Looking at just broker fees alone we can calculate some of the costs.
The average broker charges 2% under 1 million in assets and 1% over a million.
Example: Account Value: $250,000 X 2% fees = $5,000 a year. $5,000 a year X 10 years = $50,000
Using the rule of 72 & estimating a return of 7% ($50,000 in funds) would have doubled in 10.2 years to $100,000! An investor would lose $100,000 in broker fees alone in 10 years! Therefore, it is important to eliminate fees! (This doesn’t include Taxes, Front-end Load Fees, Trading Fees, Administrative Costs, Distribution Fees, 12-b1 Fees, etc.)
What is the Rule of 72?
The Rule of 72 is a quick, useful formula that is popularly used to estimate the number of years required to double the invested money at a given annual rate of return.
(https://www.investopedia.com/terms/r/ruleof72.asp)
The Rule of 72 applies to compounded interest rates and is reasonably accurate for interest rates that fall in the range of 6% and 10%. This can be applied to anything that increases exponentially, such as GDP or inflation; it can also indicate the long-term effect of annual fees on an investment's growth.
The Formula for the Rule of 72 Years to Double = 72 ÷ Interest rate
In addition to all the fees paid, there is always a risk of funds suffering devastating losses due to a market correction at any time!
The average broker charges 2% under 1 million in assets and 1% over a million.
Example: Account Value: $250,000 X 2% fees = $5,000 a year. $5,000 a year X 10 years = $50,000
Using the rule of 72 & estimating a return of 7% ($50,000 in funds) would have doubled in 10.2 years to $100,000! An investor would lose $100,000 in broker fees alone in 10 years! Therefore, it is important to eliminate fees! (This doesn’t include Taxes, Front-end Load Fees, Trading Fees, Administrative Costs, Distribution Fees, 12-b1 Fees, etc.)
What is the Rule of 72?
The Rule of 72 is a quick, useful formula that is popularly used to estimate the number of years required to double the invested money at a given annual rate of return.
(https://www.investopedia.com/terms/r/ruleof72.asp)
The Rule of 72 applies to compounded interest rates and is reasonably accurate for interest rates that fall in the range of 6% and 10%. This can be applied to anything that increases exponentially, such as GDP or inflation; it can also indicate the long-term effect of annual fees on an investment's growth.
The Formula for the Rule of 72 Years to Double = 72 ÷ Interest rate
In addition to all the fees paid, there is always a risk of funds suffering devastating losses due to a market correction at any time!
Click The Picture To Find out How Fees Cost You!
How Fees Cost you