No. of Recommendations: 7
What I think is even more interesting is the impact that fees have on the compounding rate. For example:

$10,000 invested for 40 years at 10% return will grow to $452,000. If you subtract 3% per year for fees the investor ends up with $149,000 instead of the $452,000 - that's a big difference !

I believe it is equally as important for people to pay attention to how much they are being charged for mutual funds, annuities etc. as it is to get an early start at saving.

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