Wormrider
Dryer sheet wannabe
Hello all,
This is my first post as a noob. My wife has convinced me it's time to get some advice about financial planning for our kids college education and retirement in the next 7-10 years.
I just changed jobs and also have a new 401k to think about. A fair amount of people at my work are using FAs affiliated with Ameriprise. I spoke with them once and got the impression they like insurance products. Currently they want $800 to determine my "options". So far it appears that their compensation is tied to management fees. Is it worth it for us to pay for their assessment or look elsewhere?
We live in a rural area so there are not many options for FAs. I've always heard it's better to have a FA that charges by the hour, for example, rather than through management and transaction fees.
I've got 401ks in other other corporations from previous jobs plus an IRA at Fidelity. I try to diversify across investment types as well as managers. I get the feeling that Ameriprise wants total control.
Suggestions
TIA
This is my first post as a noob. My wife has convinced me it's time to get some advice about financial planning for our kids college education and retirement in the next 7-10 years.
I just changed jobs and also have a new 401k to think about. A fair amount of people at my work are using FAs affiliated with Ameriprise. I spoke with them once and got the impression they like insurance products. Currently they want $800 to determine my "options". So far it appears that their compensation is tied to management fees. Is it worth it for us to pay for their assessment or look elsewhere?
We live in a rural area so there are not many options for FAs. I've always heard it's better to have a FA that charges by the hour, for example, rather than through management and transaction fees.
I've got 401ks in other other corporations from previous jobs plus an IRA at Fidelity. I try to diversify across investment types as well as managers. I get the feeling that Ameriprise wants total control.
Suggestions
TIA