Tue Mar 18 2025, by Tyler Gardner
The Hidden Costs of Investing with a Financial Advisor
I don’t know who needs to hear this right now, but if you’re investing $500 a month with a financial advisor who charges a 1% assets under management fee and another 1% for the active mutual funds they’re placing you in, here’s exactly what your retirement portfolio could look like.
Projected Investment Growth
- After 10 years: about $7,000
- After 20 years: about $47,000
- After 30 years: about $168,000
- After 40 years: about $476,000
- After 50 years: about $1.2 million
Not bad! Oh, wait. Those numbers seem off.
Oh, sorry. That’s how much money you’ll lose from your retirement in fees. Really messed that one up!
If any of this is helpful, tune into my new podcast, Your Money Guide on the Side, by clicking the link in my bio.
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