Personal Capital's free retirement fee analyzer could help find you thousands of dollars in savings. Here's how to use it.
- Investment fees can take years off of your retirement savings without you ever realizing it. Focusing on cutting fees can save you tens of thousands of dollars, if not more.
- Most mutual funds and ETFs with high fees can be easily replaced by lower-cost funds with a similar makeup.
- Running your investments through Personal Capital's free retirement fee analyzer and updating your investments can pay dividends for decades to come.
- Learn more about Personal Capital »
They say that a penny saved is a penny earned. Nowhere is that more true than your investment accounts.While a 1% annual fee might not sound like much, over years of saving and investing for retirement and other big goals, fees can eat away at tens or even hundreds of thousands of dollars. That's way too much to give away without even realizing it.Advertisement
When I first signed up for Personal Capital in October 2012, I was taken aback by the total fees I was paying across all of my mutual funds and ETFs. Based on what I found in my Personal Capital account, I made updates that saved me about $300 per year, which compounds to over $50,000 over 30 years, assuming a 10% return.
If you want to take a closer look at your own fees, and potentially save some serious cash, here's how to do it.
Create a Personal Capital account
Connect your investment accountsAdvertisement
Head to the Retirement Fee Analyzer
Identify your most expensive fundsAdvertisement
Find suitable replacements where needed
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