Unveiling Financial Advisor Fees and Expense Ratios in Higher Ed Retirement Plans

Описание к видео Unveiling Financial Advisor Fees and Expense Ratios in Higher Ed Retirement Plans

Greg Shepard - S&A Financial Services, Inc.

Welcome HigherEd Retire Youtube Channel, where my mission is to help higher education professionals make the most out of their retirement plans. In this concise yet informative video, Greg Shepard, our expert financial advisor, delves into the intricacies of financial advisor fees and expense ratios within higher education retirement plans.

Are you wondering how financial advisors charge for their services or the impact of expense ratios on your retirement savings? Greg breaks it down for you in a straightforward manner.
Greg starts by explaining that every investment within higher education retirement plans carries an expense ratio—there's no such thing as a free ride in the investment world. While TIAA Traditional and cash options may not have fees, all other investments have a percentage-based expense ratio associated with them.

When it comes to financial advisor fees, Greg emphasizes the importance of finding a good advisor who charges no more than 1% for their services. In fact, his firm often charges even less than that. He goes on to share a real-life example of a client who had been with TIAA and Fidelity, benefiting from their services for free. However, as retirement approaches, it becomes crucial to receive advice from a fiduciary advisor with expertise in distribution planning.

Greg's goal, echoed by many financial advisors, is to keep the total expense (expense ratio plus advisor fee) around 1%. He draws an analogy to hiring a professional CPA for taxes—while you may have some financial knowledge, a professional can often find ways to optimize your returns and offset their fee.

If you have questions about financial advisor fees or expense ratios in higher education retirement plans, Greg encourages you to reach out to him for assistance. At S&A Financial Services, our aim is to empower you with the knowledge and guidance needed to make informed decisions about your retirement savings.

Remember to like this video, subscribe to our channel, and hit the notification bell to receive more valuable insights and tips on optimizing your higher education retirement plan.
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Disclosure S&A Financial Services, Inc. is a registered investment advisor. Content presented is for informational purposes only and should not be considered as investment advice or as an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Always consult with your tax advisor or attorney regarding your specific situation.

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