The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Withdrawal rates in retirement||Date: 4/1/2008 5:24 PM|
|Author: buzman||Number: 62095 of 74469|
<When you tell a little old lady that all it costs is 1% a year>
An AUM arrangement of 1% is high if all the person does is manage assets.
However, for a little old lady, 1% could be great investment if she got:
Estate planning advice
Retirement distribution planning
Cash flow management
Tax planning advice
College planning options
Heck, keeping the LOL from buying an annuity is worth WAY more than 1%/year and a bunch of LOLs are sold annuities.
1% can be too high-often it is - but for many people it can be a good investment.
FYI-Does not charge AUM fees
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