Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Questions for a Fin. Adviser
Old 06-11-2012, 10:45 AM   #1
Recycles dryer sheets
BOBOT's Avatar
Join Date: Aug 2006
Posts: 472
Questions for a Fin. Adviser

We're seeing a financial advisor (fee only) next month. We last went to one in 2002; seems like a lifetime ago. His projections didn't exactly pan out, to say the least, but we've done ok. Now that I'm retired & DW will be by this time next year, I want to get someone's perspective on some issues.
Here's my list so far:
  • Questions for a Financial Adviser
1. Asset class allocation by account: what should be where?
Diversity/correlation of current holdings: too much overlap?

Convert IRA’s?

Investment tax management: maximize efficiency now and with respect to RMD’s

Should DW continue 403b contribution (currently $X/yr) until retirement, or start building cash?

Soc. Sec. strategy?

Health insurance & Medicare plan options?

SWR, methods & strategies, e.g. dividends only, “buckets”?

RMD strategy

Should we consider an annuity? What type?

LTC insurance recommendation

Charitable plans & implementation: options?

Own or rent primary residence

(Sorry about the obnoxious font, couldn't figure out how to fix it.)

Can you think of other questions we might want/need to discuss?
I still don't get it...
BOBOT is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 06-11-2012, 11:42 AM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Sarah in SC's Avatar
Join Date: Sep 2005
Location: Charleston, SC
Posts: 13,566
If you are going to see a CFP, then I'd add some estate planning questions to your list. They should be able to review what you have and make sure you have the right living will/durable health care POA stuff for your state.
“One day your life will flash before your eyes. Make sure it's worth watching.”
Gerard Arthur Way

Sarah in SC is offline   Reply With Quote
Old 06-11-2012, 12:19 PM   #3
Full time employment: Posting here.
Join Date: Nov 2008
Posts: 728
I often use a great saying; "I don't know what I don't know" congrats on asking this forum what you should ask your financial advisor.

I'd add the subjective work "trust" . After meeting with him/her, talking to other this person's LONG term clients, do you and DW really, really, trust the person and his/her advice. Is this person as financially as conservative or agressive as you are?

All important relationships should be based on trust and....then verify. Trust is not just about stealing money, trust is respecting advice......and then accepting the outcome, whether great, good, or not so good. I've always done well when I've worked in trusting relationships.....even, when mistakes were made that cost me some money.

Good today's economy, I'm not sure who's advice I would trust.......we need more partnership as we plan our personal and national financial future.
jerome len is offline   Reply With Quote
Old 06-11-2012, 01:43 PM   #4
MBAustin's Avatar
Join Date: Jul 2010
Posts: 7,834
Excellent list of questions! Gave me some good reminders of topics I need to look into further. Thanks!

PS If you learn anything useful, please post back!
"One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute." William Feather
ER'd Oct. 2010 at 53. Life is good.
MBAustin is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

» Quick Links

All times are GMT -6. The time now is 07:21 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2023, vBulletin Solutions, Inc.