Your gut is telling you the right thing about the fees. Your gut wants you to act in your own best interest and find a less costly alternative. If your wife has a strong need for third-party involvement, that's legit. Hopefully with a little investigation she can be comfortable with something like Vanguard PAS at 0.3%. Based on looking at advisor portfolios on this forum, chances are good that PAS will do a better job for you anyway.
1. Is it advisable to pay around 1.6% a year to a Fiduciary Money Management firm?
My wife prefers this approach as it relieves us of the stress of not knowing if we are doing the right things in retirement.
I multiply the 1.6% by 10 years and think, ‘Do I really want/need to pay that amount over 10 years - rather than invest it ourselves?
In this case you get what you don't pay for.
Statistics: Posted by mhadden1 — Sat Feb 24, 2024 2:05 pm — Replies 20 — Views 1301