Cheesehead
Recycles dryer sheets
I was quoted from a certified CFP, NAPFA, Garrett Network member, hourly fee only planner, about 15 hours at $180 per hour ($2700) to create an asset allocation plan for my wife (55) and myself (59), to get us on track to retire within perhaps the next five years. Once a year he would do a tune up for around $1400.
Our investment piggy bank is around $800,000 in a wide assortment of vehicles based on newsletters I follow and need the advice of a pro. DW is a teacher with various pension options and I have various SS scenarios that are unusual because in our state the wife can't collect SS with a teacher's pension.
So my question is, do you think this is a fair price? I only want to hear from folks who have dealt with fee only advisors in similar situations. Please don't respond with suggestions about doing it ourselves (which is an option I am working on). I am hoping to use this board to learn from people who have dealt with fee only planners.
Thanks
Our investment piggy bank is around $800,000 in a wide assortment of vehicles based on newsletters I follow and need the advice of a pro. DW is a teacher with various pension options and I have various SS scenarios that are unusual because in our state the wife can't collect SS with a teacher's pension.
So my question is, do you think this is a fair price? I only want to hear from folks who have dealt with fee only advisors in similar situations. Please don't respond with suggestions about doing it ourselves (which is an option I am working on). I am hoping to use this board to learn from people who have dealt with fee only planners.
Thanks