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Author: reallyalldone Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75383  
Subject: Re: Professional management Date: 7/8/2011 9:32 PM
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At 56 and all of your goals taken care of then withdrawals are probably not terribly far off.

Actually they are. Some time ago on this board I asked about calculating the impact of different income streams beginning to pay at different times. I think someone posted a link to intercst's web site which was really not helpful for my situation. His work is good stuff for most people. But I'm not in that situation.

If I had two million with an advisor he would charge me $20,000 a year to control my investments (1%).

One thing I've learned over the past couple of years is that the actual experience of things can turn out very different that what you think it might be like - both bad and good things.

What would you do if you earned $1200/day ? Would you give it back because it's incredible to earn that much ? For me, managing more is definitely different and for some reason right now, a financial misstep is a big concern. The more is marginal but it does make a difference in how I feel about it.
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