An annual fee of 0.2% produces a difference of $39,493.01 over 20 years compared to a 2% annual fee.

Your total investment balance could be $215,865.03 if you save $200 every two weeks for 20 years, making deposits at the start of each period. This includes a starting balance of $0 and a 7% annual rate of return before fees.

Mind-blowing numbers. In my example, Teacher A saves $100/week in an account with a reasonable 0.2% fee. Teacher B does the same but with a 2% fee. After working for 20 years and never increasing the $100/week contribution despite pay increases, Teacher A will have $39, 493 more in her account. TRUE or FALSE?

Find out here on this fee-impact financial calculator.


Effect of fees on your balance

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