Tony Robbins Podcast Daily · Expert financial advice from Peter Mallouk, coauthor of The Path
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Stated that a 1% higher fee costs a decade of retirement income due to compounding
1% fee extra = ~10 years of retirement income lost
“If you're in your 20s and you go and you change your superfund to a good low cost superfund, versus staying in the default one ... that compounding effect is significant by the time you reach retirement”
“Overdue incurs an additional 5% fee. The longer it goes, the higher the fee.”
“Move the same holdings into a traditional IRA or 401k… that income compounds tax-deferred”
“That fund has a slightly higher fee too. Not that much though. 50 basis point higher, I believe.”
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