Title: Converting Basis Point Investment Fees Tagline: Converting Basis Point Investment Fees: Saving $1,800 Annually on Your Children's 529 Plans Problem: David and Sarah, both 45, are high earners ($450,000 combined income) with three children aged 12, 10, and 8. They've diligently contributed to 529 plans for each child, accumulating a substantial portfolio. However, they're increasingly concerned about the impact of investment management fees on their long-term savings goals. They've noticed investment statements listing fees in "basis points" and struggle to translate these into tangible dollar amounts to compare different investment options. They need clarity to optimize their investment strategy and reduce unnecessary expenses that could significantly impact college fund growth over the next 6-10 years. Solution: By using the Basis Point Calculator, David and Sarah can quickly and easily convert basis point fees into percentage terms. They can then calculate the actual dollar amount being paid in fees annually for each child's 529 plan. This allows them to compare different investment options with varying fee structures and identify opportunities to reduce expenses without sacrificing performance. They can also use the Tax Equivalent Yield Calculator to compare the after-tax returns of different investment options. ROI: David and Sarah discover they are paying 60 basis points (0.60%) in annual fees across all three 529 plans, totaling $300,000 in assets. The Basis Point Calculator reveals this translates to $1,800 in annual fees. By switching to lower-cost index funds charging 20 basis points (0.20%), they can reduce their annual fees to $600, saving $1,200 per year. Over 10 years, assuming a conservative 6% average annual return, this saves them $18,000 (excluding compounding) that would have otherwise been lost to fees. This freed-up capital can now be directly contributed to their children's education fund. Description: Easily convert those confusing basis points into clear percentage terms to understand exactly how much you're paying in investment fees. Know precisely what's impacting your college savings. Category: Client Service