No. of Recommendations: 3
horsegoer asks,

Me and my wife have just been putting money in a Roth IRA and a I dy investment account but I don't really know what I'm investing in over the last several years. I mean I we have SPY,QQQ and a few individual stocks. I just randomly choose... I know very bad idea. I really want to have someone else do the work and provide advice but I want someone reputable. Any suggestions? Thanks

Adviser fees reduce your investment returns. Here's a classic thread on the issue from a few years ago.

http://boards.fool.com/withdrawal-rates-in-retirement-265204...

Here are a few low-cost portfolios you can use.

http://retireearlyhomepage.com/four_percent.html

If you decide that holding a couple of index funds is beyond what you can handle on your own, I'd hire an adviser that charges an hourly rate. It shouldn't take more than an hour or two to put together a portfolio of index funds and then rebalance them once a year. I'd never let an adviser take a percent of assets fee.

intercst
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
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 Glassdoor #1 Company to Work For 2015! 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