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Started By
Message
So my financial planner has packed up his family and moved across the country.
Posted on 1/1/23 at 11:32 am
Posted on 1/1/23 at 11:32 am
Am I right to be upset? Knowing that I’ll never meet with him in person again to discuss my finances. All my annuities are with him.
15
Posted on 1/1/23 at 11:35 am to Cycledude
Why do you need to see him in person? Boomer mode.
Posted on 1/1/23 at 11:36 am to Cycledude
Maybe save the 1-2% per year and manage your own financial planning?
Posted on 1/1/23 at 11:38 am to Cycledude
quote:
Am I right to be upset?
I’d say no. You don’t get to have a say in where he lives.
Posted on 1/1/23 at 11:41 am to Cycledude
do you happen to have pics of his wife?
Posted on 1/1/23 at 11:43 am to GeneralLee
This is the only answer. Waste of money
Posted on 1/1/23 at 11:45 am to Cycledude
quote:
Am I right to be upset? Knowing that I’ll never meet with him in person again
Posted on 1/1/23 at 12:15 pm to skewbs
quote:I’ve done the zoom meetings before. It’s not the same as meeting in person and looking at diagrams and plans. He said when I chose him last year we would meet yearly in his office to go over how things were progressing. No doing that now.
Why do you need to see him in person? Boomer mode.
Posted on 1/1/23 at 12:19 pm to Cycledude
Then find a new planner.
Posted on 1/1/23 at 12:20 pm to Cycledude
Honest question. Do you need someone to put your money in VOO for you?
Posted on 1/1/23 at 12:22 pm to Cycledude
quote:
Am I right to be upset? Knowing that I’ll never meet with him in person again to discuss my finances. All my annuities are with him.
No, you forfeited that right when you were foolish enough to buy an annuity and pay exorbitant fees for “guarantees”.
This type of insurance contract requires zero management from a financial planner as the insurance company actively manages the investment…for a hefty fee.
I sure as hell hope you weren’t paying another fee to the advisor on top of that.
Posted on 1/1/23 at 12:32 pm to Cycledude
quote:
He said when I chose him last year
Congrats, you helped pay for his cross.country move with high commission annuity purchase. You're probably better off since he's likely more of a salesman than an advisor. Find a fee only fiduciary advisor and pay them for their time not based on assets under management.
Posted on 1/1/23 at 12:53 pm to GeneralLee
quote:
Maybe save the 1-2% per year and manage your own financial planning?
not everyone can manage their own annuities, bro
Posted on 1/1/23 at 1:11 pm to whiskey over ice
Think the OP asked should he be mad. Not should he have purchased an annuity. Everyone’s situation is different. No, I’d never buy one, but you do you and I’ll do me.
Posted on 1/1/23 at 1:28 pm to Cycledude
quote:
Am I right to be upset?
Entitled much? Should he get mad if you moved?
Posted on 1/1/23 at 1:34 pm to Cycledude
Phones/internet where he is moving?
If not, perhaps his fees were too low. Kidding
If not, perhaps his fees were too low. Kidding
Posted on 1/1/23 at 1:42 pm to Cycledude
quote:
. All my annuities are with him.
Ask this financial planner how much he made off selling you these "annuities". Go be curious.
You need to do financial planning yourself. Move on.
Posted on 1/1/23 at 1:53 pm to Cycledude
If you are the least bit concerned then find another FP
Posted on 1/1/23 at 1:56 pm to whiskey over ice
quote:
not everyone can manage their own annuities, bro
Posted on 1/1/23 at 3:11 pm to Cycledude
quote:
He said when I chose him last year
Wait you're melting down over a guy you hired less than a year ago?
As others have pointed out (based on the annuities angle), you were likely given a blessing
This post was edited on 1/1/23 at 3:13 pm
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