UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: imzeek2u Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 72  
Subject: Evaluation of investment strategy Date: 9/28/2010 10:21 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Hi all. Just had a meeting with our Northwestern Mutual advisor yesterday and I'm confused about a number of things which I'm not sure how to address. My wife and I started with them in 2004 and have investments covering her, myself and even my daughter. The report I received yesterday shows a return on investment of .61% (yes, less than 1%) since we started in '04. The problem I have is that since our investments are insurance and wealth building vehicles combined, I have literally no clue how to evaluate the progress of the investments. All I know is that I'm investing just under $1,200 per month and I'm not completely sure where it's going to (insurance vs. investment), in addition to it appearing to not be earning much. Each time I've met with them, I ask for a breakdown, and the reports I get don't tell the tale in a way that I can discern. I also have a ROTH IRA from TIAA-CREF at my current job (as of 2007). My employer contributes 5% automatically and I'm currently contributing only 2% myself. I asked if it makes more sense for me to divert from my Northwestern Mutual investments to the TIAA-CREF and my Northwestern Mutual advisor says that the future tax liability would likely make it less desirable. I'd like to get an unbiased review of what we have and where we should make changes, if necessary. I'd also like to get a little education so I can at least feel more comfortable about what we're doing and why. Do you think I should try and find a fee-based investment consultant for an assessment? If so, how do I find one that's truly unbiased? I'm located in Upstate NY. Thanks for any advice or assistance! :-)
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Economic Implications of Cuba
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement