Fees Will Kill Your Retirement Savings #091

How to Money

iHeartPodcasts

Investing, Education, Business

4.6 • 3.2K Ratings

🗓️ 29 May 2019

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

How much are you paying to invest in your 401k or IRA? You might see fees as an unavoidable cost of investing, but even a 1% fee could easily cost you more than a half million dollars over your investing lifetime. Fees not only erode how much money you have to invest now, but they lessen the amount of money that is compounding in your account year after year- the impact is twofold! Listen as we discuss the different types of fees, how to look for them, and then where to go in order to avoid fees altogether.

During this episode we both enjoyed a Bent De Garde by Braindead Brewing which you can find on Untappd. A big thanks to Jerrod and our friends out there in Dallas for donating this beer to the show! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts, Castbox, or wherever you get your podcasts- we’d love to hear from you.

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Transcript

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1:04.0	Hey everybody, we are Ben Bullin, Matt Frederick and Noel Brown of Stuff They Don't Want You To Know, the podcast on iHeart Radio. We're hosting an informative discussion in iHeartland soon.
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1:34.0	Welcome to Had a Money. I'm Joel, I'm Matt.
1:37.0	And today we're discussing how fees will kill your retirement savings.
1:43.0	That's right Joel, my Norwegian co-host, Patrick.
2:04.0	We're talking about investing fees, right?
2:06.0	We're going to talk about the different types of fees, how to look for those, and then where to go, where you can keep those fees low.
2:14.0	I think last week on an episode, Matt, you said that I had an interesting kind of gravity voice because I was slightly under the weather.
2:21.0	Oh yeah, I do recall.
2:23.0	All right, so it turned out we did have sickness ravaging our families.
2:27.0	It ended up being pretty rough.
2:28.0	Yeah, so my girls, they both had to strap the road.
2:31.0	And then on top of it, my three-year-old had the flu as well.
	...

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