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Author: jrr7 Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 74759  
Subject: Re: What Should We do? Date: 4/25/2001 2:56 PM
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I would recommend setting up a plan and sticking with it, so that as little time is spent maintaining it. That way you don't need to worry about managing it; you just make sure the plan is followed.

You can either come up with a plan yourself, or get an advisor to do it. I recommend an advisor who gets paid by a flat fee based on the time spent preparing the plan. There are also advisors who want to be paid by commission or who are paid based on a percentage of your assets; I don't think that's a good idea.

Some big mutual fund companies will charge you a flat fee to look over your portfolio and make a suggestion -- for instance Vanguard.

Do you want your portfolio to be actively managed (either by yourself or for a fee) or are you happy with just setting up a plan and sticking to it?

Are you completely retiring or will you still be working? Have you decided about Social Security?
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