Firing our FA tomorrow

[G-Man]

There is a thread on bogleheads.org where folks were sharing names of one-time-fee planners, no idea about prices, skill or fit. Probably a lot of folks could benefit by having a pro look at the portfolio, examine Roth Conversions, tax efficiency, drawdown strategies, etc. It's the AUM types that I object to as their fees will rob you blind.

Potential Financial Planners to Consider - Bogleheads.org

Thanks

 

[TickTock]

It IMO takes exceptional imagination to understand how you would react unless you’ve already had some life experience. Most people can’t imagine their emotional reactions.

During our w*rking years, DW and I actually got into a 'yay, we're buying on sale!' mindset during down markets. Now that we're both retired, I'm not looking forward to the next big down year - it will be a new emotional experience without being able to replenish the accounts from outside earnings.

I also notice that I'm keeping closer track of account balances now, and re-running calculations for various bear market conditions. And we're keeping much more $$$ in the MMF as a sleep-well measure.

 

[Koolau]

During our w*rking years, DW and I actually got into a 'yay, we're buying on sale!' mindset during down markets. Now that we're both retired, I'm not looking forward to the next big down year - it will be a new emotional experience without being able to replenish the accounts from outside earnings.

I also notice that I'm keeping closer track of account balances now, and re-running calculations for various bear market conditions. And we're keeping much more $$$ in the MMF as a sleep-well measure.

Heh, heh, yes, I remember too well. Not too many 'yay moments here in 2008 when markets were crashing. I had FIRE'd at the end of 2005.

But, full disclosure, not much in the way of panic either. I think there was more of a "This too shall pass" attitude.

 

[explanade]

So we're talking about FAs who manage your investments and charge a percentage of your account balance as opposed to fees billed by hour?