Craig Wear, CFP®Craig Wear, CFP® | Expert in Roth Conversions & Tax-Efficient Retirement Strategies for IRA Millionaires

Hidden costs you can't ignore!

18 May 2025 · 1 min

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A short excerpt from Craig Wear, CFP® explaining how investment fees materially reduce long-term portfolio growth. He gives a concrete example: on a $1 million portfolio, paying 1% total fees can erode nearly $2 million of gains by age 95, even during strong market periods. The clip’s purpose is to highlight the hidden, compounding cost of fees.

Questions this video answers

$1 million

1% (total fees, all in)

Age 95

Chapters

When there's a lot of profit there, a lot of gains there, you don't notice the fees as much. But look, I want to share some numbers with you that not everybody kind of calculates and understands or not not really understand, but is enlightened about is. Look, on a $1 million portfolio, if you're paying a 1% in total fees, all in, that can cost you nearly $2 million of fees. I mean, of gains of growth by age 95, even in years when the market is strong.