Equipping Points:
Many investors focus on market performance but overlook one of the biggest threats to their long-term wealth: hidden fees. These costs—often buried within mutual funds, annuities, and trading expenses—can quietly erode your retirement savings over time. In this episode, Eric reveals the true cost of investing and how to protect yourself from unnecessary financial drains.
We’ll share expert strategies to minimize these costs, including smart tax planning and choosing the right investment vehicles. Everyone wants to keep more of their hard-earned money and minimizing these fees is a step in the right direction.
Here’s some of what we discuss:
💰 Mutual Fund Costs – Expense ratios are just the beginning. Learn how trading fees and taxes could be taking an extra 2.5% from your returns.
🏇 The Heavy Jockey Effect – Variable annuities may seem safe, but their high fees (2%-4.5%) can weigh down your investments like a jockey too heavy for his horse.
📉 Market Downturns & Hidden Costs – How volatile markets can amplify the impact of these fees on your portfolio.
🛡️ Smart Strategies – Discover how tax-protected accounts like IRAs and 401(k)s can help mitigate unnecessary expenses.
If you have any questions about what we discussed on the show or want to follow up with any financial planning questions of your own, get in touch with us and schedule a visit here.
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