No. of Recommendations: 6

I have to disagree somewhat on your "get professional advice" suggestion. I am not opposed to seeking advice from a professional financial advisor (in this situation), presuming we mean a paid financial advisor not a brokerage "financial advisor" (i.e., broker) paid on commissions. However, quality is hard to come by (I'd probably think about using Vanguard's service) and I believe it is absolutely necessary to come armed to any discussion with your own knowledge of opitions, and their pros and cons. Once you've done that, I'm not sure you need an advisor.

Quite frankly, I think the collective wisdom (and ignorance) of this board (plus the retiree board) is probably as good as most financial advisors, especially if we have the specifics, and at least our suggestions can help set parameters for a discussion with a paid financial advisor. When I look at most planning for retirement advice (I know you agree with this), I find the assumptions pretty questionable—I'm pretty annoyed with what TMF has been hyping, lately, for instance.
Print the post  


Live Video Event Monday!
The GP team is hosting a live video event on Monday at 4 p.m. ET. Don't worry if you can't make it — we'll have a replay and a transcript. Click for more!
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.
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.