Investment Fees Will Cost You Millions

You don’t have to be a big shot for this to be true. In fact, someone investing $833 a month into his 401(k) can see an 8-figure sum (that’s $10 million) disappear over the course of a long lifespan.

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We will pry into the finances of four people you may encounter at the hospital and discover the net worth they might expect to have over the course of their working and retirement years.

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Investment Fees Will Cost You Millions

Jack is a registered nurse. He likes his overnight shifts and early morning happy hours. Jack has no desire to retire early.

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He enjoys life and invests enough into his 401(k) to receive the employer match, plus a little extra. At the end of each year, he’s got $10,000 invested.

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By investing $10,000 a year for 40 years, Jack can expect to amass anywhere from $1.28 million to $2.84 million, depending on fees.

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Agatha, the Psychiatrist

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For 30 years, Agatha will be investing $50,000 a year into tax deferred retirement plans. She will receive the same investment returns as Jack.

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Agatha builds up a larger nest egg than Jack, but by virtue of larger retirement spending, she is at a greater risk of depleting it.

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Learning how to invest pays, and that’s a fact. If you already know what you need to know to manage your own portfolio, strong work!

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Investment Fees Will Cost You Millions

You don’t have to be a big shot for this to be true. In fact, someone investing $833 a month into his 401(k) can see an 8-figure sum (that’s $10 million) disappear over the course of a long lifespan.

We will pry into the finances of four people you may encounter at the hospital and discover the net worth they might expect to have over the course of their working and retirement years.

Investment Fees Will Cost You Millions

Jack is a registered nurse. He likes his overnight shifts and early morning happy hours. Jack has no desire to retire early.

Jack, the Nurse

He enjoys life and invests enough into his 401(k) to receive the employer match, plus a little extra. At the end of each year, he’s got $10,000 invested.

Jack, the Nurse

By investing $10,000 a year for 40 years, Jack can expect to amass anywhere from $1.28 million to $2.84 million, depending on fees.

Jack, the Nurse

Agatha, the Psychiatrist

Agatha is a psychiatrist employed by the hospital. Getting a later start, Agatha will have a shorter career than Jack, but retire at the same age of 62.

For 30 years, Agatha will be investing $50,000 a year into tax deferred retirement plans. She will receive the same investment returns as Jack.

Agatha, the Psychiatrist

Agatha builds up a larger nest egg than Jack, but by virtue of larger retirement spending, she is at a greater risk of depleting it.

Agatha, the Psychiatrist

Learning how to invest pays, and that’s a fact. If you already know what you need to know to manage your own portfolio, strong work!

SWIPE UP NOW TO READ MORE

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