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No. of Recommendations: 7
At 1% of assets, the advisor is going to skin you for about 20% of your net worth over 30 years.

That's about right.

But consider a variable annuity contributed to over 30 years by a government worker. Try -46.6% lost to expenses over 30 years compared to -3.7% in expenses over the same period with a portfolio of ETFs with a weighted expense ratio of .22%.

I did an article on this in 2017 at SA that some may find interesting

https://seekingalpha.com/article/4045368-retirement-portfoli...

BruceM
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