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URL:  http://boards.fool.com/ltwhen-you-tell-a-little-old-lady-that-all-it-26525573.aspx

Subject:  Re: Withdrawal rates in retirement Date:  4/1/2008  5:24 PM
Author:  buzman Number:  62095 of 74759

<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
Insurance planning
Mortgage planning

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.

buzman-

FYI-Does not charge AUM fees
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