Josh Scandlen Podcast

Investment fees are one of the two biggest detriments to successful investing.  I discuss this in detail when it comes to using Monte Carlo analysis to determine one's ability to retire in my podcast here: http://heritagewealthplanning.com/podcast-episode-8-why-your-monte-carlo-analysis-is-crap/ In this video though I show you how a portfolio with an all-in fee of .18% has a 95.7% retirement success. Whereas the exact same portfolio with a 1.50% fee has a 74.4% success.  Everything is the same.  I use the calculator at www.firecalc.com if you want to run your own numbers.  The lower cost portfolio not only had a 28% higher success than more expensive one but its average account balance after 30 yrs was over $1 million.  The higher fee portfolio average account balance after 30 yrs was less than $500k.  So, if an advisor were running a monte carlo analysis based on this portfolio and NOT taking into consideration investment fees that advisor would provide a very misleading en