My visible portfolio costs of expense ratios plus federal income taxes amount to 0.7% of assets per year. 0.2% in ERs. 0.5% in federal income taxes.When I include my portfolio's hidden costs of internal commissions, spreads, and impact costs it adds another 0.3% of assets per year.Thus, my rock-bottom cheap indexed portfolio of ETFs costs 1% of assets per year.With a 4% annual withdrawal rate, this means DW and I will get to spend 3% of our assets per year.Using any managed fund a/o investment advisor would add another layer of % costs on top of the 1% we already pay.I agree with intercst. Using any advisor or non-indexed investment vehicle is just dumb.
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