When in one's life should they start using a financial advisor?
Jun 12, 2019
8 Comments
I've for the most part managed my finances myself (investments I just let a robo-investor choose index funds (betterment, wisebanyon, etc)). I've saved at least 20% of my take home every year.
I rent a condo at $2000/mo (TC is $140k)
For 401k, I chose half a higher risk mutual fund (fidelity contra fund k) and half total stock market index fund. (I'm still in early thirties and have no dependents)
Do I need to use a financial advisor or just keep doing what I'm doing?
comments
1 take your money
2 tell you to invest
You're already investing... No need. For the complex stuff, go to Reddit financial advice.
Financial planner = periodic checkup (5-10 yr) for ~$1-3k financial review and recommendations if you are on track
What I need today will be different in 5 years. A website or a forum like this cannot provide the service/personalized advice.
Financial planning is more than investing in the market.
Putting all your money in the market is not normally recommended.