My married-filing-jointly income is about $165,000. I work full time for $95K (w-2) and have an LLC that produces $45K a year. My wife makes $23K a year.
I use Vanguard and use the Target Retirement funds and their 529 for my daughter's college savings. They seem simple but I am concerned that I might be missing out on good advice.
From a tax standpoint I have avoided using a CPA in the past and hired a cheap bookkeeper for information here and there. I then did my taxes with Turbotax. This worked but I spent more than 10 hours doing my taxes.
I am smart enough to get by without a CPA or financial advisor but I think from a time management and peace of mind standpoint I should hire a CPA and financial advisor.
I know a financial advisor that I could use and who seems trustworthy. I also have a CPA in mind that seems to be very sharp. Of course moving from Vanguard to a financial advisor would mean biting off 5% up front (I have about $75,000 at Vanguard).
The CPA would cost me about $1300 or so the first year then probably $900-1000 each year after that. I consider my time worth about $50 an hour. I feel like I spend too much time researching financial matters and taxes. If I focused this time on my business then I would probably make more money in the long term.
Thoughts? Your advise is appreciated.
I use Vanguard and use the Target Retirement funds and their 529 for my daughter's college savings. They seem simple but I am concerned that I might be missing out on good advice.
From a tax standpoint I have avoided using a CPA in the past and hired a cheap bookkeeper for information here and there. I then did my taxes with Turbotax. This worked but I spent more than 10 hours doing my taxes.
I am smart enough to get by without a CPA or financial advisor but I think from a time management and peace of mind standpoint I should hire a CPA and financial advisor.
I know a financial advisor that I could use and who seems trustworthy. I also have a CPA in mind that seems to be very sharp. Of course moving from Vanguard to a financial advisor would mean biting off 5% up front (I have about $75,000 at Vanguard).
The CPA would cost me about $1300 or so the first year then probably $900-1000 each year after that. I consider my time worth about $50 an hour. I feel like I spend too much time researching financial matters and taxes. If I focused this time on my business then I would probably make more money in the long term.
Thoughts? Your advise is appreciated.