SSTF to Ask Lemmy • 6 months agoWhat’s the last thing you’ve done that’s made you ask “Am I stupid?”message-square78arrow-up1100arrow-down14
arrow-up196arrow-down1message-squareWhat’s the last thing you’ve done that’s made you ask “Am I stupid?”SSTF to Ask Lemmy • 6 months agomessage-square78
minus-squareBoozillalinkEnglish10•6 months agoGoing over my life savings and investments with a CFP. Fortunately, the pros will be taking over from me soon.
minus-square@Frozengyrolink2•6 months agoHopefully they are a fee only fiduciary. Don’t pay 1+% of your savings to them every year, that’s also a dumb mistake.
minus-squareBoozillalinkEnglish1•6 months agoThey charge me less than 1% and typically return 5 to 6% (and minimize taxes).
minus-square@Frozengyrolink1•6 months agoI would make sure it’s a passively managed fund with low expense ratios and little or no fees. An expense ratio of 0.10 or less is pretty common these days.
Going over my life savings and investments with a CFP.
Fortunately, the pros will be taking over from me soon.
Hopefully they are a fee only fiduciary. Don’t pay 1+% of your savings to them every year, that’s also a dumb mistake.
They charge me less than 1% and typically return 5 to 6% (and minimize taxes).
I would make sure it’s a passively managed fund with low expense ratios and little or no fees. An expense ratio of 0.10 or less is pretty common these days.
Thanks. It’s still new but I’ll keep an eye on it.