The easiest way of analyzing the investment expense is to just include it as another planned expense in retirement. The retiree needs to pay for food and housing and gasoline and travel and many other expenses out of their withdrawals. If you're going to use a financial adviser that charges a fee, that fee has to be included in your planned expenses.I don't see what difference using a 1% fee has vs. using a 0.1% fee or a 0.01% fee. They are all just an expense to be paid out of the withdrawals.Naturally, a higher investment fee means less money is left to buy food and clothes and travel. But that is just one of the many spending tradeoffs a retiree must deal with. --Peter
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