In my mind, it is clear one downside is the fees, and 1-percent is a bit high. However, I like to think the use of an advisor helps me reduce the frequency of poor financial decisions. My retired-self has less margin for error as compared to when younger. I hope that I have vetted someone who is reliable, qualified, experienced, etc. I feel my advisor does a better job of diversifying than I did previously. Intuitively, the lower risk is better, as my retired-self doesn’t have the appetite for alternative of required research & planning. If I were to become sick, I would expect my spouse will appreciate having someone make investment decisions for her.
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In my mind, it is clear one downside is the fees, and 1-percent is a bit high. However, I like to think the use of an advisor helps me reduce the frequency of poor financial decisions. My retired-self has less margin for error as compared to when younger. I hope that I have vetted someone who is reliable, qualified, experienced, etc. I feel my advisor does a better job of diversifying than I did previously. Intuitively, the lower risk is better, as my retired-self doesn’t have the appetite for alternative of required research & planning. If I were to become sick, I would expect my spouse will appreciate having someone make investment decisions for her.
Post: Beyond fees, is using a financial advisor, advisable? If you do or don’t why?
Link to comment from July 10, 2025