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06-30-2025, 05:33 PM
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Sage
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Join Date: Aug 2009
Location: NJ, NM, SC, PA, DC, MD, VA, NY, CA, ID and finally FL.
Posts: 7,866
Thanks: 14,314
Thanked 5,108 Times in 1,955 Posts
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Quote:
Originally Posted by Pugchief
$10,000 is 1% of 1M. If the annual fee is 1% of AUM, you take your 40k and they take 10k as a fee. It's not part of your withdrawal.
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Indeed, but it costs me $16,400 out of my income to pay them $10,000.
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