Fair questions. I want a second set of eyes on what we have. There are various things that--despite a good amount of research--I'm not sure I've thought through completely or correctly (like taxes, which can be complicated). To state the obvious: it's impossible to know what I haven't thought about, but somebody else might identify those things. And we do have some particular challenges (not unique, but particular): short-term cash flow and college expenses, aging parents with decent estates, etc.It's not clear to me what exactly you're hoping to gain by having an adviser. It's obvious what someone who knows nothing about finances and investing has to gain, but someone who's already apparently done a lot of research etc.? There is only so much knowledge to be had, and clearly a point of diminishing returns.
I will say that I might have benefitted from a 2nd look during a few years prior to retirement, something like Planvision offers, at the cost they're offering it at. But do you really believe if you pay someone $5k let's say, and pay someone else who's equally well regarded another $5k, you're going to get the same plan? If not, don't you want to pay them both to see what the difference is? And then pay someone else another $5k to see if that matches either of the others? Where do you stop?
As to where it stops, that's why I'm hoping to find somebody well recommended. Somebody who I can have confidence in giving us good advice, and hopefully, somebody from whom I can learn something.
Statistics: Posted by prof dave — Sat Feb 24, 2024 6:53 pm