No. of Recommendations: 4
... but the time could come where I won't be able to even bathe myself, so having a financial advisor might make sense. Then again, I also could use my son or his wife, and his wife is an accountant, so I think that's the way we'll go when the time comes.

We are a product of our experiences, and my experience with Dad has told me that down the road it would be good to get a third party involved to a much greater extent than I do now. As Dad aged, his decisions became bad for his fiscal health. I can't tell you how many hundreds of thousands he threw off the cliff. The worse his skills became, the more radical and aggressive he got, almost to prove to himself that he still had it. Trying to talk to him about his accounts made him paranoid, (even though I was one of the POAs and back up executrix,) hiding things from us kids while throwing money at a sales guy who wined and dined him into high risk variable annuities. We are our own worst enemy as we age. In a couple of decades I will be looking more closely at how to protect myself from myself. May your experience PLEASE be different.

Currently, we primarily went with a FP because I did not know how to tone down my investing style to something less than full octane. That's not even a mediocre grade style when close to retirement and paying for college, so we gave this guy a try, someone who has worked with a couple of our friends for several years. I have no doubt I could learn to run the account myself in maintenance mode, but truth be told that would be boring. And I like the many perks. As long as he continues to beat the benchmarks and the alternative Vanguard index funds, even after his fee has been pulled out, I'll be happy to hold on to him.

IP
willing to spend for value
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