Your Advisor’s 1% Fee on a $1 Million Portfolio Is $10,000 a Year, and OBBBA Made It Permanently Non-Deductible. Paid Out of the IRA Instead of Your Checking Account, It Comes Out Pre-Tax, and Most Clients Are Never Asked Which
The post Your Advisor’s 1% Fee on a $1 Million Portfolio Is $10,000 a Year, and OBBBA Made It Permanently Non-Deductible. Paid Out of the IRA Instead of Your Checking Account, It Comes Out Pre-Tax, and Most Clients Are Never Asked Which appeared first on 24/7 Wall St. . A retired married couple has $1 million in a rollover IRA and an advisor who charges 1%. That works out to $10,000 a year. Each…
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