Comment on Ask HN: Where do you keep your 401k investments?parentComments−zackify2y.25% on top of any investments you have through them, on top of the fund expense ratio https://www.betterment.com/pricingThat is 62k gone to fees assuming:12k start, 12k put in per year. for 30 years at 7%.−desmosxxx2yPeople don't realise that the opportunity cost of those fees is compounding money.In your example that 67k is 4.8% of your investments. And that's not including the fees of the ETF or mutual funds you get invested in.I would never even think about touching this service - why would anyone use this?−fragmede2yBecause it's easy. If someone's eyes glazes over before you get to the third Q in QQQ, and they're not going to entertain a conversation over Roth and 401k, some place to just money over to for retirement is very attractive.
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.25% on top of any investments you have through them, on top of the fund expense ratio https://www.betterment.com/pricing
That is 62k gone to fees assuming:
12k start, 12k put in per year. for 30 years at 7%.
People don't realise that the opportunity cost of those fees is compounding money.
In your example that 67k is 4.8% of your investments. And that's not including the fees of the ETF or mutual funds you get invested in.
I would never even think about touching this service - why would anyone use this?
Because it's easy. If someone's eyes glazes over before you get to the third Q in QQQ, and they're not going to entertain a conversation over Roth and 401k, some place to just money over to for retirement is very attractive.