Not exact matches
This can save investors a lot
of money
over the course
of their
lives since less
of their
investment gains go toward
fees and expenses.
Paying close attention to
fees can save you hundreds
of thousands
of dollars
over the
life of your
investments.
Keep your
fees as low as possible since they will have a big impact
over the
life of your
investments.
If the new score helps you get into your new home or pay lower interest expense
over the
life of the loan, the
fee you pay for rapid rescoring may be the best
investment you've ever made.
Let me educate you: RESP's in Canada include 60 + providers, most
of which are banks and financial institutions (
life insurance &
investment companies) the majority
of which will invest your savings into mutual funds — there are no guarantees with these, your principal could be lost and your grant too & if your child doesn't pursue post-secondary education, you would have to pay the government grant back out
of your own pocket — also the
fees associated with these are called MER's (management expense ratios) which compund
over time and will usually eat up as much as 1/3
of your
investment.
If you are looking at a variety
of investment options, make sure you consider the cost
over the
life of the
investment, because a 3 % annual portfolio management
fee on your $ 20,000 IRA account may not seem like a lot (only $ 600).
The
investment component serves as «bank»
of sorts for the amounts left
over after charges are applied against the premium paid, namely charges for mortality (to fund the payouts for those that die with amounts paid beyond the cash values), administrative
fees (it costs money to run an insurance company (grin)-RRB- and sales compensation (the advisor has to earn a
living).