Free Washington Retirement Planning Community and CoursesIn this episode, we dive deep into the world of investment fees: what they are, how they stack up over time, and why understanding them is so important for our long-term wealth. We explore the different layers of fees, from recordkeeping costs to advisor fees, and discuss how they can significantly impact our net worth if we don’t pay attention.We also break down the true value of financial advisors. Are their fees worth it? How do different fee models, percentage of assets, hourly, and flat fees compare in real life? By looking at real examples, we see how fees can eat into returns, but also how the right guidance can prevent costly mistakes, save us stress, and help us build wealth more effectively.Finally, we tackle a key listener question: Is it wise to separate from a school district if we can’t collect retirement benefits until age 62? We run the numbers and weigh the pros and cons of taking benefits early versus waiting. Spoiler: the difference might surprise you, and it could mean the freedom to retire earlier than expected.If we want to understand our fees, maximize our retirement benefits, and avoid costly mistakes, this episode is a must-listen.00:00 – Intro00:19 – Why investment fees matter02:35 – The first layer of fees: recordkeeping costs03:38 – The second layer: fund management fees04:00 – The third layer: advisor fees & AUM structures05:25 – Advisor fees vs. internal fund costs05:59 – $500K example: the long-term impact of fees07:06 – When advisor fees are worth it08:45 – Big firms vs. comprehensive planning09:35 – Why tax planning must be part of the service12:17 – Different advisor fee models: AUM, hourly, flat fees15:09 – Flat fees vs. percentage-based fees16:47 – Key takeaways on fee structures17:03 – Listener question: separating from a school district before retirement18:14 – Comparing benefits at 60 vs. 6219:22 – Why early retirement can make sense21:15 – Washington Wealth Breakthrough GroupLinks:⁠⁠Free Washington Retirement Planning Community⁠⁠⁠Plan 3 Investment Advice⁠⁠Schedule Meeting⁠More free resources at ⁠WATRSPERS.com⁠

Ver todos los episodios