The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Withdrawal rates in retirement||Date: 3/31/2008 3:02 PM|
|Author: Howie52||Number: 62073 of 81363|
"When is the SEC or some other government agency going to require these theives to fully and understanbly disclose just how much of your money they are steeling in exchange for doing little or nothing. These guys are frauds.
They fully disclose their fee, so what's your problem? The previous poster found "1% of assets management fee" right on their WEB site.
If they are charging a fee that's too high for you, don't use them.
It's not fraud to charge what you think is too much. "
I think folks get aggravated about the "free consultation" invitation
which is only a sales gimic. There are quite a few folks who are
"sold a bill of goods" simply because they don't recognize the actual
costs involved before signing contracts of all sorts.
A realively easy trap to fall into - particularly when there is no
actual fee summary - e.g. annual fee charged for a $100,000 account
I agree it is not fraud - and neither are the time-share sales
outfits. But the sales pressure and the approach to "disclosure"
can encourage some folks to make poor choices.
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