Somebody recommend a couple of good financial planners in greater NOLA.

You only need one, Edward jones

Second Edward Jones. They said that with their high fees and lackluster yearly returns I'll be able to afford a brand new double wide for my retirement home

AncientTiger might be available.

I use TruWealth advisors - Chris Hitzman, been very happy with him .

The first thing that you need to understand is their fee structure. Many financial advisors use an "Assets under Management" (AUM) or "Assets under Advisement" (AUA) model. These advisors charge you based on the value of your portfolio - usually around 1%. So a $1M portfolio means a $10k annual bill while a $2M portfolio means a $20k annual bill. Most people argue that they are doing the same work in both cases. To combat this, flat fee financial advisors are becoming more popular. Do your homework online, and you can find a much more affordable alternative than the AUM folks. Also, remember that all of them use Zoom now, so you can have a FA from any part of the country, which gives you many more choices. Use a website like wealthtender or flatfeeadvisors to help search, then check out the reviews. Good luck.

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You only need one, Edward jones

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Specifically, David Indest. Very honest and very sharp. A very rare combination in this world we live in.

Full transparency...he is a personal friend. Once a year I move all of the money from my work account to my account with him.

Sidenote: anytime I watch the show American Greed, I send David a text telling him thanks!

All of the information you need is easily available online for free.

But If you don’t want to do lift a finger, then just buy Fidelity or Vanguard target date funds and save a bundle on advisor fees.

Let’s say you have a $1,000,000 portfolio. And plan for a traditional 30 year retirement using the 4% safe withdraw rate. Without advisor fees, that’d be $40,000 you could withdraw and use for expenses and spending. With a 1% advisor fee, you could only withdraw $30,000.

Self management is a no brainer.

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Self management is a no brainer.

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This is 100% true. Until you get into the 5-10m investable asset range. Then needs become complex enough to justify paying a fee. Under that, anyone can do it on their own.

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Under that, anyone can do it on their own.

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This board is full of people that can’t do it on their own.

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TruWealth advisors

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