What do you see yourself doing when you’re 75 years old? Many of us have plans for a worry-free retirement, but, sadly, the fees that most people are paying could make that an impossibility. There is a hole in the boat, and it could very well sink, without an emergency fix.
If this sounds dramatic, that’s because it is. In Unshakeable, Tony reveals the truth about the hidden fees that most financial advisors and fund managers won’t talk about: they have a dramatic impact on your net returns and your financial security, without giving you any added benefit.
In Chapter 3 of Unshakeable, Tony and co-author Peter Mallouk take an in-depth look at the real impact fees have on the average person’s retirement savings and why these fees often go unnoticed. Overpaying in annual fees on your mutual funds takes an enormous bite out of your nest egg. The worst part is, you’re not paying for better results — as 96% of all actively managed mutual funds fail to beat the market. The average investor is simply overpaying for underperformance.
In this episode of The Unshakeable Podcast, Tony and Peter explain the severe impact hidden fees and taxes can have on your financial future, why the industry makes it difficult to uncover these fees, and how you can remove hidden fees from your investment strategy — putting more money directly into your pocket.
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Tony Robbins is a #1 New York Times best-selling author, entrepreneur, and philanthropist. For more than 37 years, millions of people have enjoyed the warmth, humor and dynamic presentation of Mr. Robbins' corporate and personal development events. As the nation's #1 life and business strategist, he¹s called upon to consult and coach some of the world¹s finest athletes, entertainers, Fortune 500 CEOs, and even presidents of nations.