If you pay him 1% which only leaves you 3% to live on and pay taxes out of. That is 25% of your income that is being paid to him even without taking taxes into account which could easily cost another 1%.I've often heard this, but the 4% rule is based on historic returns of a simple portfolio. If a more complex portfolio can be structured to either increase the average annual return or smooth out the valleys at the same return, both after fees, wouldn't the SWR be higher?In the best case he might work for you if you monitor him closelyKnowing that I currently analyze my 1 month and 1,2,5 & 10 year returns as well as my allocations WEEKLY, I will certainly monitor him closely.-murray
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