Tired of fees on your investments? You can grow your money without fees.
by: Cory Carlton
Investing your hard-earned money can be a daunting task, especially when it comes to selecting the right financial product that can provide you with the desired returns while not over-exposing your money to risk.
One aspect that more and more people are evaluating is the fees they are paying for their investment accounts.
Fees have a sneaky way of chipping away at your money on top of market loss, taxes, and inflation.
So, what’s a good solution for someone looking to lower the fees on their retirement savings?
We call them Secure Guaranteed Retirement Accounts and you can choose ones with no fees.
The SGRAs can help protect your savings while providing growth potential. They even come with no fees.
Just as a woodworker selects the right tool for their job to ensure efficiency and accuracy, savers must select the right financial product for their retirement planning to ensure they can achieve their goals.
An SGRA with no fees is like a well-crafted woodworking tool. It provides the precise and efficient results that savers need to achieve their retirement goals without sacrificing their savings.
By selecting an SGRA with no fees, savers can protect their savings while taking advantage of potential growth opportunities. This is like using a woodworking tool that not only provides a precise cut but also allows for creativity and innovation in the design of the finished product.
Savers who are tired of paying high fees on their retirement savings should consider an SGRA. None of our clients have lost a dime with all this market volatility we’ve been experiencing.
By not having fees on this account savers maximize their returns while protecting their hard-earned savings.
Now, you never put all your eggs in one basket so only a portion of your savings would be suitable for an SGRA. That means you move a portion of your savings into the SGRA with no fee and that lowers the overall fee you are paying for all your retirement savings.
If you have $1,000,000 in savings and have been paying 1.5% in annual fees that means your fee will be $15,000.
By moving half of your savings to an SGRA with no fee that takes your effective fee on all of your money down to .75% or $7,500 for the year.
So even by repositioning a portion of your money to an SGRA with no fee, you help lower the fee on all your money.
To see if an SGRA with no fees may be right for you reach out to me at c.carlton@bothhandsfg.com or schedule a time to visit at this link: ONLINE CALENDAR
ABOUT THE AUTHOR: Cory Carlton is the CEO & Co-Founder of Both Hands Financial Group. He specializes in advanced planning techniques that utilize different financial products that offer value and benefit to our clients. In addition to serving our clients, their families, and their financial needs Cory spends his time with his wife, Emily, and their four young children.