You have been a diligent saver and at age 30 you have managed to save $50,000 for your retirement at age 65. You estimate that your invested savings will make on the average $3000 per year. The fund management fees are 1.5% of your investment balance at the end of the year after the investment returns have been added. You pay fees on a percentage of the total investment balance not on annual investment gains of your hard earned retirement savings. What will be the difference in the retirement savings of $50,000 at age 65 if the fund management fees were 0.5%? What advice you will have for a potential client who wants independent advice on how to choose funds based on management fees/costs?