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Self-directed retirement
Posted on 3/2/24 at 2:53 pm
Posted on 3/2/24 at 2:53 pm
Will try to be succint. 67 y/o, retiring end of '24, plenty of money for retirement including SS, not extravagant but comfortable. Currently with financial adviser, fee-based, approx 1% annual charges. He has given good advice as I approach retirement re: shifting some assets around, tax management; very accessible. Question: would like to become self-directed to save his fees- is this feasible/advisable? If so, best way to educate myself? Securities are basically index funds and ETF, i.e. not actively managed, but there is periodic re-balancing, so his investment advice is not necessarily better than others. Some hurdles i see ahead-some possible Roth IRA conversions, RMD @ 70 1/2, which bucket of assets do I tap 1st, 2nd, etc, how to handle sizable life ins. cash value. I do have revocable Family Living Trusts for wife/myself. Any thoughts/questions?
This post was edited on 3/2/24 at 2:55 pm
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