This is the second session in a three-part YouTube series by Craig Wear, CFP® titled "The silent retirement killer." In this segment he introduces the second major portfolio risk—hidden fees—and explains that even in good years excessive fees can quietly erode retirement wealth; he signals a forthcoming numeric example using a $1,000,000 portfolio.
So this is Craig again. So this is session two of three that I'd like to just kind of share with you some of the three of the biggest risks that there are to your investment portfolio in an attempt to kind of help you protect your retirement wealth. Today I'm going to walk you through the second of the three big risks that I've identified that I think could quietly undermine your retirement success. They're just trying to run their business and I appreciate respect that we don't manage client assets. So what I'm trying to give you is purely an educational look kind of behind the curtain to help you protect your retirement. All right, so in our last video we discussed the impact of emotions on making your investment decision making. So the second one is really the hidden cost of fees. Even in those great years, those excessive fees quietly erode the amount that's there for you and your heirs year after year after year. 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 really understands, but is enlightened about is look, on a one million dollar portfolio.
