Re: Do you have a financial advisor?

SeaMaiden · ‎03-10-2010

@chickenbutt wrote:
Yes, two. It works for us.

@chickenbutt Can I ask why you have two? Just curious.

Mmsfoxxie · ‎06-19-2010

@Kalli wrote:
Yes and no. I have one for my retirement package. But that's basically in a low risk situation and it's small.

The rest of our investments are handled by DH.

Same circumstances here. Annuity funds saved up for retirement. I try to live on my little pension. This thread reminds me that she called last week while I was out. I had forgotten about it. I hesitate to speak with her because last year when she met it's me she wanted me to change to something that I couldn't touch for several years unless I paid a penalty. I'm almost seventy years old. Hey would I do that.

“You can’t wait until life isn’t hard anymore to be happy”. (By Nightbirde, singer of the song, It’s Ok)

makeup addict · ‎03-29-2010

I use robo advisor Betterment. No complaints.

chickenbutt · ‎03-09-2010

SeaMaiden wrote:
chickenbutt wrote:
Yes, two. It works for us.
@chickenbutt Can I ask why you have two? Just curious.

They are both experts in very different, specific areas. We've used both of them for quite a few years. This is what works for us.

BLH · ‎03-10-2010

I have to laugh. One day my husband was at the bank and the teller asked him if he had a financial advisor and he said "Yes, my wife".

ccassaday · ‎10-21-2010

My parents have Howard Bailey. It is fee based. Their advisor is a CFP and certified for doing retirement planning. He has been wonderful.

LilacTree · ‎03-25-2012

LOL!!

Formerly Ford1224
We must always take sides. Neutrality helps the oppressor, never the victim. Silence encourages the tormentor, never the tormented. Elie Wiesel 1986

KailaS · ‎03-09-2010

I have had two advisers/planners in my life. I am almost 70. The first adviser was nice, but she did not understand my retirement plan, always assuming I had a state pension rather than a 403b. In many ways, she actually forced me to understand my own plan on my own. Eventually, she had other clients on my plan, but I just never felt secure with her. She was not fee-based.

Eventually, I asked colleagues for recommendations. I have my current fee-based planner for about nine years. I use her to confirm decisions I have made and occasionally to make recommendations. I have a good relationship with her and because, due to health, I had to retire early, we quickly were able to draw on previous interactions and decide what I should do in retirement.

I also have a lawyer--will, financial and medical POA, care of elderly parents, etc. And I have an insurance person who helped me decipher that earlier than expected retirement in terms of Medicare, Supplemental Insurance, and Plan D.

When I was younger, I did everything myself. However, when health issues forced retirement changes, I was happy I had several support folks in place--even though I do not have much money--so that I felt secure in my decisions.