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| *I think it's also worth mentioning that 20% is the number you get after certain assumptions, which may not hold true long-term, and is generally on the high side.*
e.g. at 5.5% rate of return at 30 years, 0.5% fee is 16.9% lost to fees
if the rate of return goes up, the fee is relatively less, so at 8%, it would be 16% flat.
If the fee goes down to 0.25% (splitting the difference between truewealth fees and the US provider ones), at 5.5% rate of return over 30 years, 7.8% goes to fees. I think quite a few people would be willing to pay that.
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It's tricky. Be careful what you compare.

Investing $100, after 30 years:

- with a return of 0.0% and a fee of 0.0% you will have $100
- with a return of 0.0% and a fee of 0.5% you will have $86
- with a return of 5.5% and a fee of 0.5% you will have $429
- with a return of 5.5% and a fee of 0.0% you will have $498

With a return of 0.0%, the total cost is 14%.

With a return of 5.5%, the fee also takes away exactly 14%.

The rate of return doesn't matter. You need to compare how much would you have earned with and without fee.