lennyandgragg1
Dryer sheet wannabe
Hi, I'm Steve. I don't post very often, but I am always reading the newsletters trying to stay somewhat informed while staying extremely busy raising two daughters, being a teacher, and coaching high school girls' basketball. I always thought I wanted to retire early, but as I am about to turn 50 I feel like I will need to stay busy. I still want to be able to be financially free though and able to retire early if I want to.
Anyway, I recently received another email form Vanguard about signing up for their personal advisor services. I tried this about 10 years ago with them, but found found that once they examined my portfolio, they said it was fine and didn't change anything. Anytime I would ask if any changes should be made, I was always advised to just leave it alone since I had no plans to touch the money until much later in life. I didn't see any great benefit, so I stopped the service. I guess I am just wondering if I am missing anything. I have a little over a million with them, so it looks like it would cost me about $3500 a year for them to manage my portfolio. I have always heard to just invest your money and leave it alone until you retire. If that is true, what does the advisor do and are their services worth the fee they charge. Thanks.
Anyway, I recently received another email form Vanguard about signing up for their personal advisor services. I tried this about 10 years ago with them, but found found that once they examined my portfolio, they said it was fine and didn't change anything. Anytime I would ask if any changes should be made, I was always advised to just leave it alone since I had no plans to touch the money until much later in life. I didn't see any great benefit, so I stopped the service. I guess I am just wondering if I am missing anything. I have a little over a million with them, so it looks like it would cost me about $3500 a year for them to manage my portfolio. I have always heard to just invest your money and leave it alone until you retire. If that is true, what does the advisor do and are their services worth the fee they charge. Thanks.