REWahoo
Give me a museum and I'll fill it. (Picasso) Give
OP, another low-cost option is to let Vanguard manage your portfolio for a very reasonable fee.
Look at my FA in the mirror every morning. God, what a handsome man he is.
Most are DIY but not adverse to a FEE ONLY advisor occasionally or for a specific purpose or question. Run away from one that wants to charge by assets under management.
Do read the posts on Ameriprise. Their objective has nothing to do with your retirement, it is to transfer money from your accounts to theirs.
Alot of people on this forum seem pretty knowledgable about money. Do most people here have a financial advisor or do you do it on your own ? If on your own, do you use something like etrade, vanguard or any of the numerous others ? I currently am still working (until 4/2017), so my 401k is in vanguard (which my company uses). I also have some money with an Ameriprise financial advisor.
Joe,I currently am still working (until 4/2017), so my 401k is in vanguard (which my company uses). I also have some money with an Ameriprise financial advisor.
I [-]spent[/-] wasted a lot of time procrastinating, studying, investing in "managed" funds and loading up on 20 or 30 funds in my 401(k).
My conclusion is that all I really need is Vanguard Total Stock Market, Total International and Total Bond funds. The hard part was deciding how much of each to own. YMMV.
https://www.bogleheads.org/wiki/Lazy_portfolios
We have one, but she's fee only. I found her here: Fee-Only Financial Advisors Home - NAPFA - The National Association of Personal Financial Advisors
I'm not as financially savvy as many here, but I just like a little affirmation every other year or so. Her first review was ~$2K, and the "tweaks" are $400, which we do every 2-3 years. She's hands off - recommendations only. Since most of our retirement is in our 401(k)'s, she isn't making a dime off the recommendations - she just advises. Her reviews also include insurance analysis, budget checks & recommendations, etc. She's younger than we are, so I plan to use her until she attends my funeral. DH doesn't do money, so I really like the back-up.
A post on the Bogleheads site will get you the same thing, for free. Of course you'll get a few different opinions - then it is like wearing two watches and never knowing exactly what time it is.This is exactly the sort of advisor I am looking for. Unfortunately, even using Napfa and Garrett network I am having trouble finding one. I just want someone to look over everything, tell me if I am missing something, and then let me call them once every few years with a question. Everyone I talks to want control of my savings and a %, neither of which I am willing to give.