[USER]

I achieved FIRE at 53. I’m now 60 with more money than the day I retired. I still use a managed account with a small fee, about 1%.

I know I could probably do it myself but I’m kind of in a “if it ain’t broke, don’t fix it” mindset.

Plus I sleep a little easier with another set of eyes on it. Also, I like the premier service I get from my brokerage.

1% adds up a LOT over the years and it makes me second guess myself.

Anyone else in this situation?

[Kyung]

I think you need guidance . To control your financial independence which is more better.

take minimal risk, have emergency and alsoinvest in early stage startups and also sustainable farming

[Kim]

that 1% fee will eventually eat up all your funds. I think Bogle 3 fund portfolio or even 50/50 index fund and index bond will do you better justice at this age.

[Rikhi]

If you would have invested all your funds in S&P500 which has zero fee, it would have returned more than 2.5X by now.

If you have achieved more than that thru your advisor then your fee may be worth it.

Let us know how were your returns…its highly unlikely that the advisor would have done better than index funds.

[Author]

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