John Oliver Explains the Fees and Pitfalls of Investing in Retirement
Retirement planning can get tricky if you’re trying to get the most out of your money. Transaction fees, financial analysis, and simple low-quality investments can eat up your savings. John Oliver’s latest video explains a lot of things to watch out for.
As you can see in the video, services that advertise “financial advisors” can be worse for you if they generate a ton of hidden fees. Managed investment also means that the person tries to make assumptions in order to outperform the market, but, as is often the case, they can fail, which will end up costing you money.
The easiest thing to do is, as we’ve said a million times before, invest in low-cost index funds . Index funds try to match the market, not beat it. You won’t be racing ahead of everyone else to become a millionaire, but you are much less likely to end up blowing financial advice fees that you might not even need.