59 & Anxious

[rodi]

Quote:

Originally Posted by nadnerb Not sure what you mean about this. If you retire and pull pre-tax money out, you can't pay the taxes with what you withdraw?

EastWestGal was referring to paying the AUM... if they manage retirement accounts - they count that as part of the assets - but their fees have to come out of non-retirement accounts (or taxed withdrawals from the retirement accounts. Makes their fees more expensive.

[iRent2u]

I am new to Fisher Investments. Was fortunate to buy in one week after stocks hit bottom. I’m very happy with the return. I really like their investment philosophy such as. “We don’t try to time the market. We don’t chase after the latest trend or for a needle in the haystack. We find stocks that have value and long term growth potential. We don’t try to Avoid any and all downsides.” I like the fact that they do not keep the money in a “Fisher Fund”. Your money is invested with a 3rd party (for me Fidelity) thus no chance for funny business (Bernie Madoff). You will be contacted regularly by your investment advisor. They also offer regular webinars. This is my first time to invest cash. (I’m a real estate investor). I could not be happier. Don’t get me wrong I still love my RE investments.

[Dtail]

Quote:

Originally Posted by iRent2u I am new to Fisher Investments. Was fortunate to buy in one week after stocks hit bottom. I’m very happy with the return. I really like their investment philosophy such as. “We don’t try to time the market. We don’t chase after the latest trend or for a needle in the haystack. We find stocks that have value and long term growth potential. We don’t try to Avoid any and all downsides.” I like the fact that they do not keep the money in a “Fisher Fund”. Your money is invested with a 3rd party (for me Fidelity) thus no chance for funny business (Bernie Madoff). You will be contacted regularly by your investment advisor. They also offer regular webinars. This is my first time to invest cash. (I’m a real estate investor). I could not be happier. Don’t get me wrong I still love my RE investments.

Have you compared your returns to a low cost index fund(s) returns, including their fees?
You entered at a good time, so results "might" appear good.

Using a different example, my parents used to use an advisor and my father stated he always makes us money.
Well, he started with the advisor in March 2009. Anyone could have made money starting from March 2009 through 2017.
The returns were lower than a comparable index fund scenario after fees were subtracted.

[meleana]

Get a free only FP from the Garrett network that does not manage your money but makes recommendations on what you should do with a more holistic approach to your entire situation. Independent and objective. Pay for the advice and that’s it. Have been happy with ours.

[OldShooter]

@iRent2u, listen to @Dtail. You should also be aware that what you say you like about Fisher is really pretty standard stuff that you will get from any FA. The idea of looking for stocks that "have value and long term growth" simply demonstrates a firm grasp of the obvious. Using a custodian like Fido is also standard fare. Fido, Schwab, and TDAmeritrade all have legions of FA customers. It is an important part of their business.

I also suggest that you read "Winning the Loser's Game" by Charles Ellis https://www.amazon.com/Winning-Loser.../dp/0071813659 Ellis is one of the acknowledged experts in the game (https://en.wikipedia.org/wiki/Charles_D._Ellis). In his book, he explains in great detail why schemes to beat the market consistently fail to actually do it.

[AbbA]

Quote:

Originally Posted by OldShooter @nadnerb, please, please buy and read this book: "The Coffee House Investor" by Bill Schultheis [URL]https://www.coffeehouseinvestor.com/

No, don't buy THIS book...Wait for the updated version. Bill's latest CoffeeHouse newsletter said he'd be releasing the new version in November.

[nadnerb]

Quote:

Originally Posted by iRent2u I am new to Fisher Investments. Was fortunate to buy in one week after stocks hit bottom. I’m very happy with the return. I really like their investment philosophy such as. “We don’t try to time the market. We don’t chase after the latest trend or for a needle in the haystack. We find stocks that have value and long term growth potential. We don’t try to Avoid any and all downsides.” I like the fact that they do not keep the money in a “Fisher Fund”. Your money is invested with a 3rd party (for me Fidelity) thus no chance for funny business (Bernie Madoff). You will be contacted regularly by your investment advisor. They also offer regular webinars. This is my first time to invest cash. (I’m a real estate investor). I could not be happier. Don’t get me wrong I still love my RE investments.

How do you pay their fees, and when do you pay them?

[samcat]

Quote:

Originally Posted by nadnerb Turned 59 in June. Married with 3 adult offspring. My wife is 54 and stay-at-home mom/grandmother. Youngest child just graduated college and is back living with us while trying to find a job. Middle child & grandchild also live with us and my wife is childcare while daughter works. Currently work for mega-corp (33-yr. employee) $200K/year and a company car which would need to be replaced on retirement. Job changes/reorganization causing me to consider leaving – maybe retire, travel and volunteer or find a lower-paying/lower stress job locally to stay active and get healthcare. With the reorg, thinking of approaching management for an early retirement package. Only debt is $133K left on a 30-yr. mortgage ($1500/mo. 14 years left). Current expenses $120K year including mortgage. Expenses going down since youngest graduated (no rent, school expenses, etc.) but likely to be offset or go up depending on healthcare costs. Retiree healthcare available $1700/mo to cover DW & dependents. $1100 for just self and DW. 401K is $1.6M and is invested 95% stocks plus pension current lump sum value is $1.07M for a total of $2.67M. $80K in cash/emergency fund. Equity in house estimated at $250K. FIRE Calc score is 85% if I retired now and used 30-year timeframe. Haven’t chosen a financial planner yet. Considering Fisher Investments or local Edward Jones broker. Questions: Any concerns about asking for parachute? What FIRE Calc score is needed to be comfortable in retirement decision? Is Health Sharing a good option for healthcare until Medicare-eligible? What do I need to consider if I took a lower-paying local job that included healthcare? Can I retire, pull from retirement and still work new job doesn't cover expenses? Since DW is younger and healthy, how do I decide whether to take pension as a lump sum, or annuity with survivor option at 75% or 100%? Any input on using a fiduciary like Fisher (no mutual funds) vs. broker? Am I even close to being able to pull the plug?

We use Christian Healthcare Ministries for our health insurance. We are finishing out third year with them and it has worked out great.

If you have an expensive illness, they cover it. Been in business for almost 40 years.