Do you have
Financial
Termites?
Meet with an advisor at Capital Financial
Request Free ReviewFind Out What's In Your Plan
Financial Termites are the unnecessary fees, commissions and needless losses to which your plan may be currently exposed.
It is not okay to lose money just because everyone else has. If you feel it is okay or expected, is that really how you feel or is that how you have been programmed to feel?
Don’t buy it.
With this free review, you'll discover:
What type of service you should expect
How commissions work on products
Where fees can be hidden in fine print
What should be considered excessive
How to minimize unnecessary fees
Ways to avoid overpaying in commissions
...and much more!
As seen on
Too many times in my financial life Iâve had people come into my office for a portfolio analysis that reveals things about their current plans they werenât expecting. Many times, their plans have hidden fees or ones buried deep in the fine print that they donât realize exist. I call these fees âFinancial Termitesâ...
Financial Termites in Your Investment Accounts
For many of us, our 401(k) will represent the largest asset you have for retirement. Decisions on what to do with this account will have a major impact on your retirement success.
There is a major focus on fees associated with 401(k) and IRA accounts. While fees are an important aspect of your decision, and you should know everything about those affecting you, donât let this be your primary focus.
A competent fiduciary advisor can expose these clearly as a part of a Total Retirement Income Plan. Remember this, no one in the investment world works for free and they never will. Anyone worth their salt doesnât work for free. The important thing is to clearly understand what you are paying and what benefit you will receive at the end of the day.
There is a major focus on fees associated with 401(k) and IRA accounts. While fees are an important aspect of your decision, and you should know everything about those affecting you, donât let this be your primary focus.
A competent fiduciary advisor can expose these clearly as a part of a Total Retirement Income Plan. Remember this, no one in the investment world works for free and they never will. Anyone worth their salt doesnât work for free. The important thing is to clearly understand what you are paying and what benefit you will receive at the end of the day.
In Coach Pete's book Have You Been Talking to Financial Aliens, Lee Hyder says of the popular mutual fund: "[...they] are not the most tax efficient investment and can have a lot of expenses and fees associated with them. Many of these fees are not as transparent as they should be, giving the investor a false sense of what they really cost to own. With mutual funds you need to look at Administrative fees, Management fees, 12b-1 fees, loads, transaction expenses and Taxes."
Financial Termites in Your Annuity
Annuities may seem like a good idea but be careful. While they can be an amazing tool and integral to providing consistent income, not all annuities are good either.
Can you afford to have your money tied up for years to get the return? What are the fees compared to gains and safety?
Itâs a good idea to check with a certified Fiduciary retirement advisor on what is the best fit for you in both the short and long term.
Can you afford to have your money tied up for years to get the return? What are the fees compared to gains and safety?
Itâs a good idea to check with a certified Fiduciary retirement advisor on what is the best fit for you in both the short and long term.
The True Cost of Fees
This is an example of an investment of $200,000 which earned a consistent 6% return. How would fees impact returns over the course of time?
Example Starting Value: $200,000
Example Interest Rate: 6%
Example Interest Rate: 6%
Year
1
5
10
15
20
25
30
1
5
10
15
20
25
30
No Fee
$212,000
$267,645
$358,170
$479,312
$641,427
$858,374
$1,148,698
$212,000
$267,645
$358,170
$479,312
$641,427
$858,374
$1,148,698
1% Fee
$209,880
$255,110
$325,593
$415,548
$530,356
$676,884
$863,895
$209,880
$255,110
$325,593
$415,548
$530,356
$676,884
$863,895
2% Fee
$207,760
$243,050
$295,707
$359,773
$437,719
$532,552
$647,931
$207,760
$243,050
$295,707
$359,773
$437,719
$532,552
$647,931
3% Fee
$205,640
$231,450
$268,314
$311,049
$360,591
$418,024
$484,604
$205,640
$231,450
$268,314
$311,049
$360,591
$418,024
$484,604
