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djuhnke asks,

I'm 30yrs old and just started saving for retirement (I know should ahve done it sooner but I preferred to pay off most of my debt first). I have a few questions to the incredible people that post here:

1. Say I manage to squirrel away $1M - $1.5M by the time I'm 65. I'd like to drop that somewhere where I can expect a monthly check of whatever amount paying as little taxes as possible. I've heard of a few retirement accounts (perhaps offshore) that do this.


The vast majority of the "offshore" stuff is a scam. I'd stay away from it. You may as well resign yourself to paying at least some taxes.

Am I dreaming or should I expect to move a % of money to a money market and the rest in a index fund?

That's what I'd do, unless you're willing to buy individual stocks. (I retired in 1994 at age 38.)

2. What is the average I should expect to pay for a financial planner (not looking for 80 hours of work, just a review of assets and long term planning)?

I wouldn't pay a planner more than $200 to $300 a hour, but you may not need one. Remember, 80% to 95% of professional advisors under perform the S&P500. It's unlikey that they can tell you anything worth their fee.

You might want to check out the link to the Retire Early Home Page message board in the top left hand corner above, or visit the companion web site www.retireearlyhomepage.com

intercst

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