So would it make sense to keep my entire portfolio in vt or voo for 25 or so years and then pay a fiduciary a flat fee to help plan my run up to retirement and withdraw plan?
I wrote this above: I hope so. I’ve seen too many examples of 1.5 or higher fees, proprietary fund with additional fees, and absurd annuity costs. To me this a scandalous issue in our country, especially with the great boomer generation, that few people are talking about.
I hope so. I've seen too many examples of 1.5 or higher fees, proprietary fund with additional fees, and absurd annuity costs. To me this a scandalous issue in our country, especially with the great boomer generation, that few people are talking about.
Many of those are very specialized areas so if your financial advisor has limited expertise (yet acts as if hie does), it could cost you greatly. I day this based on my parents experience of having their wealth manager do estate planning after my dad's illness. It cost them tens of thousands of dollars.
To me the main problem with annuities is they're are complicated to the average retiree and there are many ways to hide (sometimes absurd) fees by even scrupulous advisors. My mother's advisor, who is a family friend, sold her one that could have been had with a few thousand less in fees.
Obviously not on your list of goals, but I hope you find some sense of accomplishment educated and inspiring me and others with posts like this. Thanks you.
Comments
So would it make sense to keep my entire portfolio in vt or voo for 25 or so years and then pay a fiduciary a flat fee to help plan my run up to retirement and withdraw plan?
Post: Does My Sister Need a Financial Advisor?
Link to comment from November 4, 2025
I wrote this above: I hope so. I’ve seen too many examples of 1.5 or higher fees, proprietary fund with additional fees, and absurd annuity costs. To me this a scandalous issue in our country, especially with the great boomer generation, that few people are talking about.
Post: The Silent Compounding Cost of a 1% Fee
Link to comment from May 13, 2025
I hope so. I've seen too many examples of 1.5 or higher fees, proprietary fund with additional fees, and absurd annuity costs. To me this a scandalous issue in our country, especially with the great boomer generation, that few people are talking about.
Post: The Silent Compounding Cost of a 1% Fee
Link to comment from May 13, 2025
Many of those are very specialized areas so if your financial advisor has limited expertise (yet acts as if hie does), it could cost you greatly. I day this based on my parents experience of having their wealth manager do estate planning after my dad's illness. It cost them tens of thousands of dollars.
Post: The Silent Compounding Cost of a 1% Fee
Link to comment from May 13, 2025
To me the main problem with annuities is they're are complicated to the average retiree and there are many ways to hide (sometimes absurd) fees by even scrupulous advisors. My mother's advisor, who is a family friend, sold her one that could have been had with a few thousand less in fees.
Post: RDQ Sorry folks, I still see annuities, including deferred annuities, as a viable option for creating steady retirement income.
Link to comment from April 24, 2025
Obviously not on your list of goals, but I hope you find some sense of accomplishment educated and inspiring me and others with posts like this. Thanks you.
Post: On the Clock
Link to comment from August 25, 2024