Post #9059 by Mark on the Berkshire Hathaway board

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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤

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I mentioned ADX and CET as well for IRAs, and Americans facing RMDs like me.

It appears that you didn't quite understand what I wrote. Let's say you have $3M invested for retirement, and you withdraw 3.2% of it each year to cover your annual expenses (above pensions and social security). So you withdraw $96,000 a year from that $3M invested. Now, let's say you invest in something like STEW with a 1.6% expense ratio. That means that you are paying the fund a fee of 1.6%, or $48,000 a year to manage your $3M for you. A FULL HALF of your annual withdrawal goes to the fund managers! That's absurd, don't you think?

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