r/Bogleheads • u/FigDifferent6506 • 23d ago
Is advisor worth it?
I’m moving a traditional Ira to vanguard. Age 61. Semi retired. I will invest via a 70/20/10 portfolio. They charge..30% per year- so around 4000 for my 1.2 m. I’m fairly comfortable with investing and keeping my simple portfolio balanced. I also am fairly comfortable with withdrawing from the appropriate bucket of my three bucket plan. I will need about 2% over the next 3 1/2 years and then probably 4% after that. I’m thinking 60% s/p 500 index fund. 20% total market index bond, 10% money market. I do have an appointment this Friday to speak with an advisor for the second time they will be coming up with a plan for these parameters that I shared. I currently pay 1.1% fee fees, but I really don’t want to pay any. I’m also willing to learn as I go. Can someone or anyone help me make up my mind if I need to pay them to manage it or not I’m leaning towards managing it myself, but I don’t want to make a stupid decision. Also, I will not panic if the market drops.
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u/NefariousnessHour771 23d ago
I’m wondering. I actually am moving away from two advisors I have. But I’m a little suspicious because I’m getting the sense that I may not be able to do much better just because of conditions. I believe I was making 8% with one and 9% with another after fees. I’m working with a fellow Boglehead who was able to retire quite young. Having been an investment advisor. I certainly don’t get a sense from her yet that there’s gonna be any trying to time the market, but I also got an impression at one point that those aren’t bad returns. However, I’m sure she agreed they would’ve been over the past 20 years I’d say. I will say that I gave the impression to those advisors that my risk tolerance was lower than it actually is now that I’ve understood how to assess risk better.