Performance is trumped by expenses - Page 2

**Rich_in_Tampa** · 03-16-2008, 09:52 AM

I refer most of my junior colleagues who ask to a fee-based FA for the same reasons. Smart as they are, they just have trouble sorting out their priorities, and they are swarmed with insurance-selling "financial advisors" and the like.

But I also tell them to get smart about this issue, to stuff their 403b, and not to wait unti after their kids are out of college to start saving.

JustCurious · 03-16-2008, 11:12 AM

Quote:

Originally Posted by Rich_in_Tampa

I refer most of my junior colleagues who ask to a fee-based FA for the same reasons.

I think you mean "fee-only." "Fee-based" is an intentionally deceptive phrase used by some financial advisors who want to deceive people into thinking they are "fee only."

Home Page - NAPFA - The National Association of Personal Financial Advisors

Alan · 03-16-2008, 11:18 AM

I think that most folks need a FA, they just don't have the ability to do it themselves, unfortunately there are large numbers of sharks who will will eat them alive.

FinanceDude · 03-16-2008, 05:41 PM

Quote:

Originally Posted by JustCurious

I think you mean "fee-only." "Fee-based" is an intentionally deceptive phrase used by some financial advisors who want to deceive people into thinking they are "fee only."

How do you know this??

JustCurious · 03-17-2008, 02:36 PM

Based upon common sense. See the financial planning "name game" described in this article....

http://www.infoplease.com/ipa/A0193039.html

03-16-2008, 09:52 AM	#21
Rich_in_Tampa Moderator Join Date: Feb 2006 Location: Tampa Posts: 5,882	I refer most of my junior colleagues who ask to a fee-based FA for the same reasons. Smart as they are, they just have trouble sorting out their priorities, and they are swarmed with insurance-selling "financial advisors" and the like. But I also tell them to get smart about this issue, to stuff their 403b, and not to wait unti after their kids are out of college to start saving. __________________ Rich Tampa, FL (10% retired) As if you didn't know..If the above message happens to contain medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any medical purpose whatsoever. Consult your own doctor for all medical advice.

03-16-2008, 11:18 AM	#23
Alan Thinks s/he gets paid by the post Join Date: Jul 2005 Location: Baton Rouge Posts: 1,232	I think that most folks need a FA, they just don't have the ability to do it themselves, unfortunately there are large numbers of sharks who will will eat them alive. __________________ Countown clock is at 15 months

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03-17-2008, 02:36 PM	#25
JustCurious Recycles dryer sheets Join Date: Sep 2006 Posts: 460	Based upon common sense. See the financial planning "name game" described in this article.... http://www.infoplease.com/ipa/A0193039.html

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