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Investing/Strategies / Retirement Investing
|Subject: Tax-loss harvesting for a 0.35% annual fee?||Date: 10/29/2013 1:19 PM|
|Author: intercst||Number: 73665 of 75538|
WSJ had an article today singing the praises of several software-based portfolio management services that do portfolio rebalaning and tax-loss harvesting. These services charge annual fees ranging from 0.15% to 0.35% of assets.
If you look at a 60-year investing time frame (i.e., 30 years saving for retirement, 30 years in retirement) adding a 0.35% annual fee to your portfolio results in an 18% reduction in your wealth at the end of 60 years.
There's got to be a cheaper way to do it.
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