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This lesson is excerpted from the full Expectancy Wealth Planning course. If you got value then try 5 lessons here or learn more about the full course here.

4.11 – Your Financial Advisor is Taking 75% of Your Retirement (9:28)

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In this lesson, we’re focusing on how to maximize your wealth growth by controlling investment fees.

Key Points & Action Plan

Key Points:

You’ll learn:

  • The shocking truth behind how financial advisors are taking 75% of your retirement portfolio
  • Why fees being charged as a percent of your assets directly lowers your net return…
  • And how that effect on your portfolio growth is compounded
  • Why 75% is actually a conservative estimate
  • The numbers behind this truth with a real life example
  • The simple test of whether an advisor’s fees are justifiable or not

Action Plan:

You might not want to see the numbers, but go ahead and complete the homework for this lesson, which involves calculating the cost of investment fees you’ve experienced in your portfolio. Take note of how it impacts your future wealth growth.

Resources

Compound Return Calculator

Homework: The Impact of Fees on Retirement Income

Office Hours Recording: Download / Listen Here (.mp3)

Additional Reading: Are Safe Withdrawal Rates Really Safe? – HTML Article | Direct Link to PDF

Research Supporting Conclusion: Well-known Dalbar research showing average investor underperformance. Click through to compliance review edition and look around at some of the links.

Personal Capital White Paper on Fees. (Please note that their analysis of investment product fees is lower than reported elsewhere. There seems to be some confusion in their article on separation of advisory fee for the personal financial advisor vs. advisory fee at the product level. They seem to be separating out just product fees since the objective is to compare their investment product to competitors. You would need to add personal financial advisor fees to these product fees.)

Investopedia Analysis of Fees.

USNews.com article showing how my fee analysis is actually conservative.

Rules of Prudence for Individual Investors – a fun article giving a succinct analysis of investment fees on passive vs. active.

Next Lesson »
Module 1:Watch Me First
1.1 – Watch Me First (2:36)
1.2 – Site Orientation Tour (8:47)
1.3 – Course Overview (6:56)
1.4 – How To Succeed With This Course (8:16)
1.5 – How To Get Support Help (10:47)
Module 2:You Are Your Wealth
2.1 – You Are Your Wealth (4:34)
2.2 – How Your Plan Shapes Your Life (8:43)
2.3 – Your Financial Freedom Number Is Real (5:22)
2.4 – Define Your Financial Freedom Goal (12:54)
2.5 – Connect Your Number To Your Why (11:06)
2.6 – CEO Of Your Wealth – Part 1 (13:17)
2.7 – CEO Of Your Wealth – Part 2 (7:57)
2.8 – CEO Of Your Wealth – Part 3 (11:20)
Module 3:Know Your Numbers
3.1 – Know Your Numbers (11:13)
3.2 – Balance Sheet (6:56)
3.3 – Income Statement (9:51)
3.4 – Key Performance Indicators (7:01)
3.5 – Mathematical Limitations (9:10)
3.6 – Investment Return Assumptions – Part 1 (13:47)
3.7 – Investment Return Assumptions – Part 2 (14:29)
Module 4:The Traditional Model
4.1 – The Traditional Model (8:15)
4.2 – Rule Of 3’s (5:48)
4.3 – Crawl, Walk, and Run (15:31)
4.4 – Compound Returns (8:16)
4.5 – Life Cycle of Wealth (8:30)
4.6 – Getting Strategic (14:53)
4.7 – The Smart Way To Calculate How Much To Retire (14:30)
4.8 – The Smart Way To Use The Ultimate Retirement Calculator (16:16)
4.9 – Rule Of 300 (6:01)
4.10 – 3 Best Expense Strategies (14:50)
4.11 – Your Financial Advisor is Taking 75% of Your Retirement (9:28)
4.12 – Investment Underperformance (16:43)
4.13 – Taxes & Wealth Translation (16:41)
4.14 – Will the Conventional Plan Work For You? (12:34)
Module 5:Advanced Model Framework
5.1 – Advanced Model Framework (7:58)
5.2 – How The Rich Get That Way (15:54)
5.3 – Advanced Model Principles (21:09)
5.4 – Expectancy Principles (28:18)
5.5 – Wrapping Up Principles (20:16)
5.6 – The Match Game (17:53)
5.7 – Choose Your Weapon (18:39)
5.8 – How to Recognize Opportunity (15:04)
5.9 – How To Sort Opportunity From Danger (26:23)
5.10 – Risk Management Theory (27:35)
5.11 – Risk Management Practice – Part 1 (23:26)
5.12 – Risk Management Practice – Part 2 (18:13)
5.13 – Risk Management Practice – Part 3 (14:01)
5.14 – Risk Management Checklist (16:10)
5.15 – Introduction To Leverage (11:27)
5.16 – 9 Leverage Principles (22:22)
5.17 – 6 Types of Leverage (7 Videos)
5.18 – Business Entrepreneurship: Lose Less & Make More (2 Parts)
5.19 – Real Estate Principles (2 Parts)
Module 6:Design Your Wealth Plan
6.1 – Introduction (10:51)
6.2 – How to Minimize Opportunity Costs (11:11)
6.3 – How to Layer & Phase Your Plan (18:10)
6.4 – How to Close the Gap (20:23)
6.5 – Putting It All Together (No Video)
6.6 – Case Studies (Organized By Age)
6.7 – Case Studies (Organized by Asset)
6.8 – Case Studies (Organized by Strategy)
Module 7:Plan Your Action Steps
7.1 – How To Convert Your Action Plan Into Steps (7:37)
7.2 – Engineer Your Action Plan -Theory
7.3 – Engineer Your Action Plan – Step by Step
7.4 – Engineer Your Action Plan – Refinement Strategies
7.5 – Engineer Your Life: Part 1 – Theory
Tools & Resources
Tools & Resources
Course Outline
Mind Maps
Audio
Office Hours
Transcripts
Homework
Lesson Guides
More Reading
Members Forum
Additional Resources
AllocateSmartly – Support and Office Hours
Bonus Mini-Course: Naval “How To Get Rich” Podcast
Related Links
Investing Resources
Tools
Video

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  • Lesson 1: Your Financial Advisor is Taking 75% of Your Retirement Income! Reveals the shockingly simple math that proves your advisor is costing you way more than you ever imagined.
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