At what point does it start to make sense to hire a financial advisor to help with investment decisions, etc? I have no knowledge about investing and dont really want to spend my time on it right now. My spouse and I both work and total TC is $300k. Curious to hear what others do.
Merrill Lynch Jbox5002
A financial advisor should not be trying to beat the S&P for you. That benchmark isn't appropriate for many individuals. They should help make sure your investments are aligned with your risk tolerance and goals. More importantly, they should be helping you be more tax efficient, ensuring your estate is in good order, and bringing strategies to the table that you might not be aware of. If all your FA is doing is trying to beat the market, I agree, we are not worth the money.