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re: Self-directed retirement
Posted on 3/2/24 at 4:39 pm to gungho
Posted on 3/2/24 at 4:39 pm to gungho
quote:
RMD @ 70 1/2
RMD isn’t 70.5.
If you’re going to do it yourself, you need to start educating yourself on all of the things the FA is/was doing for you, plus staying on top of the ever changing rules - like RMD age. I realize that’s the point of your post, but I’m not really aware of any DIY financial planning books.
Also, it’s worth pointing out that self-directed investing is cheap because the risk is shifted to you. None of us know what we don’t know (I’m an FA, that goes for me too), but your advisor sounds like he or she is delivering at least some type of value. Have you tried to quantify that value?
1
Posted on 3/2/24 at 7:52 pm to slackster
You are correct, not sure what I was thinking, looks like by 4/1 after turning 72, right?
Not sure how to quantify the FA value, have thought about this- the advice he gives outside of portfolio is certainly valuable but worth? I think I can come reasonably close to the securities return by following his strategy which is really from Raymond James , realizable they have access to funds I don't have. I would imagine difference in performance won't exceed his fees.
Not sure how to quantify the FA value, have thought about this- the advice he gives outside of portfolio is certainly valuable but worth? I think I can come reasonably close to the securities return by following his strategy which is really from Raymond James , realizable they have access to funds I don't have. I would imagine difference in performance won't exceed his fees.
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