Advisor said I may run out of money

[DrRoy]

Advisors and annuities cost you a sizeable portion of your investments every year. If you avoid them you have much of your WR for income right there.

 

[Sunset]

Advisors and annuities cost you a sizeable portion of your investments every year. If you avoid them you have much of your WR for income right there.

So true, and they often want to get you into really expensive mutual funds.
Personally I have a small mutual fund investment called Dividend Growth Fund,
Here is the horrible part about it, the annual expense of the fund is 2% and the dividend they pay me is 1% per year.

They should have named it Expense Growth fund