Do you manage your own retirement investments or do you consult w/ a financial planner?

Do you manage your own retirement investments or do you consult w/ a financial planner?
by

1 Answer

Answer :

We do it all ourselves through Vanguard, we look for good mutual funds with long term gains. I used to have a planner, but then realized with a little bit of work on my part, I didn’t need one and in the end I’m saving money because I cut out the middle man.
by

Related questions

How wealthy must you be to hire a financial planner?

Description : How wealthy must you be to hire a financial planner?

Last Answer : I started my account with only $100.00 a few years ago. My planner didn’t have any limits on how much I needed to open an account.

Reasons To Work With a Financial Retirement Planner?

Description : Reasons To Work With a Financial Retirement Planner?

Last Answer : For most people, one of the most significant concerns in life is not knowing whether or not they will be financially prepared for retirement. Due to the increasing costs of living and healthcare, as well ... money they have saved, how much they think they will need at retirement, how much they are

Do you diversify your investments?

Description : Do you diversify your investments?

Last Answer : My investments are scattered over about 80 directions. The stocks are down now, but the only ones losing money are the ones selling, with the market down, I’m buying.

If the feds succeed in passing laws that drive people only to banks for their retirement and investments, what will that mean to the middle class?

Description : If the feds succeed in passing laws that drive people only to banks for their retirement and investments, what will that mean to the middle class?

Last Answer : answer:I can't imagine anything like that will ever pass. Plus, banks usually have an investment arm. Maybe the bill isn't about only being able to get the same interest as savings, but about how ... retirement money in what would be equivalent to a savings account so I wouldn't worry much about it.

What collectable items and investments would make a good alternative to a retirement pension?

Description : What collectable items and investments would make a good alternative to a retirement pension?

Last Answer : Little toy coffins made from precious metals.

Is it better to invest in your life now or for retirement? What is a proper balance?

Description : Is it better to invest in your life now or for retirement? What is a proper balance?

Last Answer : answer:You don't say how old you are. While a dollar saved at age 25 is three times as valuable as a dollar saved at age 50, your salary is also generally lower at a younger age. 10% ... your returns. And then enjoy your life knowing you are saving for later but not being overly concerned about it.

Teachers: Does retirement money get transferred if you move to a new state?

Description : Teachers: Does retirement money get transferred if you move to a new state?

Last Answer : A few states have authorized their retirement systems to transfer participant's credit to other retirement systems. If the transfers are authorized between retirement systems in the same state, they are called intrastate ... . If so, they should be able to direct you on the things you need to do.

Do some people become richer because they manage money better?

Description : Do some people become richer because they manage money better?

Last Answer : Several wealthy people I've known have given me tips on keeping money over the years. One man who owned a company and fleet of vehicles, told me he only keeps liability on all his vehicles because ... the lot. Dave Ramsey says NEVER lease a vehicle, it's the dumbest move you can make financially.

Should I get an account at a credit union/bank or just manage my money with an account?

Description : Should I get an account at a credit union/bank or just manage my money with an account?

Last Answer : answer:Banks/Credit Unions are safer. Credit unions have great programs that will earn you interest. Here's the problem: The money sitting in a jar under your bed (or wherever) is actually decreasing in ... funds in a savings account at a minimum, but an IRA or some other investment is even better.

What's the best way to manage two bank accounts on different sides of the country? Can I use Paypal?

Description : What's the best way to manage two bank accounts on different sides of the country? Can I use Paypal?

Last Answer : answer:I have a setup similar to this. Almost all banks with modern websites allow you to transfer money electronically from one checking account to another. It's free and very convenient, and mine also ... 1 of your two accounts. From there, you should be able to transfer money in either direction.

How to manage a personal budget?

Description : How to manage a personal budget?

Last Answer : answer:The most basic way to keep track of your expenses and see where you spending your money is to create a spreadsheet. In the this spreadsheet you list your monthly income and fixed reoccurring expenses ... to sign up for free account Mint that can aggregate all this data and more. Good Luck! R

How do married couples manage their money?

Description : How do married couples manage their money?

Last Answer : answer:One solution: All money is shared. There is no who's paying for what' because everything earned goes into one account, and everything spent comes out of that one account. Everything is joint ... of other approaches, but most of the time I hear about feelings of unfairness, resentment, etc.

When To Take A Certified Financial Planner Course?

Description : When To Take A Certified Financial Planner Course?

Last Answer : Becoming a certified financial planner is not an easy road, buta rewarding one, both in a personal and a financial sense. Manypeople call themselves financial planners, but only certified CFP'shave the ... is to obtain a bachelor'sdegree from any accredited college or university. It doesn't matterw

What does a financial planner cost?

Description : What does a financial planner cost?

Last Answer : The cost of using a financial planner varies depending on which company they work and can sometimes vary depending on the investment products you choose, as well. Typically they work on commission and you have a little room to negotiate that rate.

Is a financial planner a good person to hire to help me organize my finances?

Description : Is a financial planner a good person to hire to help me organize my finances?

Last Answer : Whether a financial planner can help you organize your finances depends upon the problems you are facing. They can work to determine if you are using your money well, make a budget and plan for the ... /www.cfp.net/) can help you find a financial planner to help you handle your money problems.

Which of the following is the most likely first step an auditor would perform at the beginning of an initial audit engagement? a. Prepare a rough draft of the financial statements and of the auditor's report. b. Study and evaluate the system of internal administrative control. c. Tour the client's facilities and review the general records. d. Consult with and review the work of the predecessor auditor prior to discussing the engagement with the client management

Description : Which of the following is the most likely first step an auditor would perform at the beginning of an initial audit engagement? a. Prepare a rough draft of the financial statements and of ... and review the work of the predecessor auditor prior to discussing the engagement with the client management

Last Answer : Tour the client's facilities and review the general records

Which of the following is the most likely first step an auditor would perform at the beginning of an initial audit engagement? a. Prepare a rough draft of the financial statements and of the auditor's report. b. Study and evaluate the system of internal administrative control. c. Tour the client's facilities and review the general records. d. Consult with and review the work of the predecessor auditor prior to discussing the engagement with the client management

Description : Which of the following is the most likely first step an auditor would perform at the beginning of an initial audit engagement? a. Prepare a rough draft of the financial statements and of ... and review the work of the predecessor auditor prior to discussing the engagement with the client management

Last Answer : Tour the client's facilities and review the general records

Which of the following is the most likely first step an auditor would perform at the beginning of an initial audit engagement? a. Prepare a rough draft of the financial statements and of the auditor's report. b. Study and evaluate the system of internal administrative control. c. Tour the client's facilities and review the general records. d. Consult with and review the work of the predecessor auditor prior to discussing the engagement with the client management

Description : Which of the following is the most likely first step an auditor would perform at the beginning of an initial audit engagement? a. Prepare a rough draft of the financial statements and of ... and review the work of the predecessor auditor prior to discussing the engagement with the client management

Last Answer : Tour the client's facilities and review the general records

Ambiguity introduced by way by which organization finances its investments is A. country risk B. liquidity risk C. financial risk D. business risk

Description : Ambiguity introduced by way by which organization finances its investments is A. country risk B. liquidity risk C. financial risk D. business risk

Last Answer : C. financial risk

Under the Code of Ethics, a CPA may not: a. Perform bookkeeping services for an audit client. b. Perform advisory services for an audit client. c. Have any direct financial interest in a client during the period covered by the financial statements. d. Having any joint, closely held investments with a principal stockholder of an audit client during the period of audit engagement which is not material in relation to his ne

Description : Under the Code of Ethics, a CPA may not: a. Perform bookkeeping services for an audit client. b. Perform advisory services for an audit client. c. Have any direct financial interest in a client ... of an audit client during the period of audit engagement which is not material in relation to his ne

Last Answer : Have any direct financial interest in a client during the period covered by the financial statements.

What functions do financial institutions traditionally perform? A. They mobilize savings and investments. B. They expand risk. C. They spread risk. D. They offer only short-term finance.

Description : What functions do financial institutions traditionally perform? A. They mobilize savings and investments. B. They expand risk. C. They spread risk. D. They offer only short-term finance.

Last Answer : They mobilize savings and investments.

Consult the thesaurus and note down synonyms for ordinary. Use the words in your own sentences. Ordinary – Banal, normal, common

Description : Consult the thesaurus and note down synonyms for ordinary. Use the words in your own sentences. Ordinary – Banal, normal, common

Last Answer : Consult the thesaurus and note down synonyms for ordinary. Use the words in your own sentences. (a) Ordinary (b) Banal (c) Normal (d) Common

Did you ever make a financial decision that was illogical that worked out ok?

Description : Did you ever make a financial decision that was illogical that worked out ok?

Last Answer : I haven’t, but Rick does all the time.

Looking for a financial assistance solution for my pet injury site's viewers, besides pet insurance. What are some web affiliates for this?

Description : Looking for a financial assistance solution for my pet injury site's viewers, besides pet insurance. What are some web affiliates for this?

Last Answer : Care Credit is the only one my area offers and it sucks. Either you have the money or you put your pet down, that’s your two options.

Are you going through a hard financial time right now?

Description : Are you going through a hard financial time right now?

Last Answer : Always. And I’ve worked so damn hard in my life.

Need financial advice ASAP?

Description : Need financial advice ASAP?

Last Answer : Can you pick up a job driving for Uber or delivering pizzas? Pizza tips can be good in the right neighborhood. And I think Uber pays daily. Maybe someone else can weigh in with more information.

Can you give me some financial advice on paying off our house?

Description : Can you give me some financial advice on paying off our house?

Last Answer : answer:Yes, he's right. Any time you're doing something special' (i.e. non-routine) think of all the ways they could screw it up, and plan for that. Meaning: write a separate check for the ... a mortgage or a straight bank loan or what? Don't get a higher interest rate and squander your money,

How large of a financial catastrophe would it take to leave you homeless, and how quick would homelessness occur?

Description : How large of a financial catastrophe would it take to leave you homeless, and how quick would homelessness occur?

Last Answer : It wouldn’t take much, sadly.

Any advice about financial planning?

Description : Any advice about financial planning?

Last Answer : answer:Invest as much as possible while you're young and take risks. There are 2 major factors for building wealth: starting early and taking on risk. If you can start early, the magic of compounding interest ... never got the raise (or that you got a smaller one than you did) and invest the rest.

How do financial planners earn their money?

Description : How do financial planners earn their money?

Last Answer : answer:I found a site that answers your question better than I could. I actually read it too. Seems solid. http://moneyover55.about.com/od/findingqualifiedadvisors/a/finadvisorfees.htm

How do you react to a sudden financial blow?

Description : How do you react to a sudden financial blow?

Last Answer : Very first words exclaimed: “Muthafuckin’, dick-sucking, whore!” I save this for such occasions. It’s special.

What would you do in this financial bind?

Description : What would you do in this financial bind?

Last Answer : answer:Keep paying your debts and rebuilding your credit scores. Put as much of that $6000 as you can into a CD. The more you have for a down payment up front, the easier it is to get a loan. You may be able to find a foreclosure for cheap, if you are willing to go to all the sherriff’s auctions.

In your worst financial times what have you done to pay bills and make ends meet?

Description : In your worst financial times what have you done to pay bills and make ends meet?

Last Answer : I've only been that desperate a few times in my life and that was when I was married. My ex wanted us to borrow money from a relative and I flatly refused. We (he) got us into that mess, we ... we did and along with his regular job, he mowed grass to help out. It all worked out within 3 months.

Judging by recent financial trend, should I convert my holiday spending money now or later?

Description : Judging by recent financial trend, should I convert my holiday spending money now or later?

Last Answer : I may be off, but if they cap the well, I would think maybe stocks would rise. but exchange rate?? I’m not an expert at the quirky international rates and how it is affected by stocks? Is there are correlation?? Awesome question.

How can i avoid letting financial difficulties bring me down?

Description : How can i avoid letting financial difficulties bring me down?

Last Answer : This may or may not help but my parents always told me to remember that “this too shall pass!” Try to focus on the fact that this will not last forever.

What kind of professional would be best suited to provide guidance on a complicated real estate/financial problem?

Description : What kind of professional would be best suited to provide guidance on a complicated real estate/financial problem?

Last Answer : A real estate broker, agent or attorney.

What would be the best financial decision?

Description : What would be the best financial decision?

Last Answer : Use an IRA to invest in a mutual fund.

Financial advice for a college student?

Description : Financial advice for a college student?

Last Answer : Your financial aide office is the right place to start. They will be able to tell you if you qualify for any grants grants are much nicer than student loans because they are free and ... Research is your best friend. Sometimes student loans are just necessary but exhaust all other options first.

Financial idea: crazy enough to work? or just crazy?

Description : Financial idea: crazy enough to work? or just crazy?

Last Answer : yeah, I don’t deposit money into my ROTH IRA anymore, it was getting tanked with losses, so now I’ve just been putting my money into savings, and mutual funds that have a track record for slow and steady growth.

How do you find a financial consultant, and how do you choose one?

Description : How do you find a financial consultant, and how do you choose one?

Last Answer : The National Association of Personal Financial Advisers can help you locate the registered advisers in your area. As to vetting them, well, I guess you have to do the usual-asking around, checking references, ... home insurance (if ever). Jane Bryant Quinn's book is very helpful in all of this.

What to do about this tough financial decision?

Description : What to do about this tough financial decision?

Last Answer : Well my first suggestion is to talk to a financial planner so that you can actually calculate out the costs of both options and get high quality advice. You should be able to estimate the summer gas costs for ... much less than a new car costs. Look around for used Civics, they're not at all rare.

Legal/financial advice: This is a scam right?

Description : Legal/financial advice: This is a scam right?

Last Answer : Scam… Can’t you make a cashiers check for however much you want? Why the hell did he make it for 16 grand? Just destroy the check like you said you would.

Does the financial site Mint.com support Canadian financial intitusions?

Description : Does the financial site Mint.com support Canadian financial intitusions?

Last Answer : answer:No. From the site: Aaron Patzer created Mint as the antidote to current online financial management solutions, which require accounting knowledge and hours of maintenance. Aaron is ... and a BS in computer science, computer engineering, and electrical engineering from Duke University.

Establishing financial security has been identified as a developmental task of which of the following groups? a) Middle adult The middle adult’s tasks also include launching children, and refocusing on one’s marital relationship. b) Older adult The older adult’s tasks include adapting to retirement and declining physical stamina. c) Young adult The young adult’s tasks include establishing a lifestyle and independence. d) Teenager The teenager’s primary developmental tasks include developing an identity and intimacy.

Description : Establishing financial security has been identified as a developmental task of which of the following groups? a) Middle adult The middle adult's tasks also include launching children, and ... . d) Teenager The teenager's primary developmental tasks include developing an identity and intimacy.

Last Answer : a) Middle adult The middle adult’s tasks also include launching children, and refocusing on one’s marital relationship.

With printing your own money being illegal, what legal arguments would the state use to criminalise you, if you had the technology to transmutate literal dirt into gold?

Description : With printing your own money being illegal, what legal arguments would the state use to criminalise you, if you had the technology to transmutate literal dirt into gold?

Last Answer : Since gold is not money, it isn't a matter of counterfeiting. But true transmutation would mean that the gold produced from dirt would be indistinguishable from gold mined in the traditional ... like someone finding an alternative way to mine bitcoins at 1/1000th the necessary computing work.

How do I get access to my own money?

Description : How do I get access to my own money?

Last Answer : The easiest way would be to open another account in the same bank and simply transfer funds but that will only work if you are a signatory on the existing account; if you are not, you don't have access ... have an ID first and are going to catch grief with your father. How much heat can you stand?

How much is a typical down payment for a rent to own?

Description : How much is a typical down payment for a rent to own?

Last Answer : It varies from one owner to the next. Some require ZERO down payment where others are willing to have a percentage of the monthly rent applied toward the down payment. I'd venture to say that some who ... payment in hopes that the more you put into it, the more serious you will be down the line.

Why isn't Trump funding his own campaign?

Description : Why isn't Trump funding his own campaign?

Last Answer : Actually he has and is. So far he has put in over 45 million of his own money which is around 70% of the 66 million his campaign has raised.

Have any of you tried to file bankruptcy on your own without a lawyer?

Description : Have any of you tried to file bankruptcy on your own without a lawyer?

Last Answer : hello darkness my old friend….

What do you think about some states wanting their own currency?

Description : What do you think about some states wanting their own currency?

Last Answer : It will not happen. It just does not make sense to be part of the US and use a different currency than the US. It would be like having Chuckie Cheese tokens and only being able to use them ... . Other than during war times have there been any valid reason to change or create a new reserve system.