No. of Recommendations: 0
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?
Print the post  


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.
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.