Hi, it's Jill Schlesinger. I'm the host of the Better Off Podcast sponsored by Betterment.

Today we've got your Bonus Call of the Week. Remember, if you'd like to get on the program,

just shoot us an email.

Ask Jill at better off podcast.com.

That's Ask Jill at better off podcast.com.

And don't forget we'll be dropping a new episode on Thursday,

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if you're not a subscriber go become one that way you won't miss an episode or a

bonus call of the week today we've got Cheryl who's calling from Massachusetts.

Hi Cheryl how can I help you today? I just retired about a year and a half ago and I

am able to spend a little bit more time now looking at our portfolio.

We hired a financial planner a few years back and we're very happy with him but I I did a spreadsheet on the fees that

he's actually getting per year and 2% didn't sound like a lot until I actually looked.

Okay so the investment advisory fee is 2%.

Now here's my question to you.

How big is a portfolio?

It's over a million dollars.

What?

Yeah.

2% for a million dollar portfolio?

You're getting screwed. You're getting screwed. That's the best way I can say it. He might be a nice guy, but that's too much to pay.

Wait, well, I should also start to ask you some other questions instead of being that knee-jerk okay so let's

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