- My Forums
- Tiger Rant
- LSU Score Board
- LSU Recruiting
- SEC Rant
- SEC Score Board
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Retirement advice
Posted on 10/28/25 at 12:02 pm
Posted on 10/28/25 at 12:02 pm
I plan on retiring next year and am trying to decide whether to self invest or hire an advisor. Does anyone have a book or podcast or anything they can recommend to gain more knowledge on self-investing in retirement? Thanks
14
Posted on 10/28/25 at 12:05 pm to tigerlife00
There’s a lot of great tips on this board. I’ve been impressed. If you stay up to date with posts on here you could make some money.
This post was edited on 10/28/25 at 12:06 pm
Posted on 10/28/25 at 12:35 pm to tigerlife00
There are a lot of sites that have articles and videos on managing your own investing.
I find many of these to be technical - show you how to buy a stock, but don't teach you how to identify the stocks to buy.
I would suggest this board, as well, but I would suggest that you start by managing a small bucket of money and try to manage it and see how you like it. You can follow stocks in some of the threads on this board and get lots of good advice. If you feel comfortable, after a bit, you can try to manage more and more of it on your own.
I would not recommend managing it all yourself from day one. Even now, I only manage money that I do not necessarily need for retirement. That account has grown significantly, and I will use it to upgrade my retirement, if I continue to do well - vacation home, exclusive golf course membership, boat, or leave more money to the children. All are in reach if I continue to do well. My 401k account that I leave to the professionals is doing okay, and I will be able to live on it with a 6 figure income, just fine, but I'm going to have to be frugal on things like cars, vacations, gold, etc...
I will also say this - nobody pays more attention to your money than you. I would say that many people on this board earn more on money they manage than the professionals do. Some make A LOT more. You probably can, too.
I find many of these to be technical - show you how to buy a stock, but don't teach you how to identify the stocks to buy.
I would suggest this board, as well, but I would suggest that you start by managing a small bucket of money and try to manage it and see how you like it. You can follow stocks in some of the threads on this board and get lots of good advice. If you feel comfortable, after a bit, you can try to manage more and more of it on your own.
I would not recommend managing it all yourself from day one. Even now, I only manage money that I do not necessarily need for retirement. That account has grown significantly, and I will use it to upgrade my retirement, if I continue to do well - vacation home, exclusive golf course membership, boat, or leave more money to the children. All are in reach if I continue to do well. My 401k account that I leave to the professionals is doing okay, and I will be able to live on it with a 6 figure income, just fine, but I'm going to have to be frugal on things like cars, vacations, gold, etc...
I will also say this - nobody pays more attention to your money than you. I would say that many people on this board earn more on money they manage than the professionals do. Some make A LOT more. You probably can, too.
Posted on 10/28/25 at 12:49 pm to tigerlife00
Just go with dividend stocks...pay off all outstanding debts....
Posted on 10/28/25 at 1:33 pm to SalE
I like hiring professionals to do what they do best. My nest egg is far too valuable to trust it to myself.
Posted on 10/28/25 at 1:34 pm to tigerlife00
Just about every brokerage now has some kind of free or nearly free robo-advisor with the options for additional human advisory services for additional fees.
If you really don't know anything, then start with something like that but keep some small percentage of your assets separate and invest it the way you see fit. Evey year, compare the two and decide which one you want to stick with.
If you really don't know anything, then start with something like that but keep some small percentage of your assets separate and invest it the way you see fit. Evey year, compare the two and decide which one you want to stick with.
Posted on 10/28/25 at 1:58 pm to tigerlife00
You're about to retire and don't have some sort of investment accounts? You selling a business or something?
Posted on 10/28/25 at 2:06 pm to Popths
quote:This, I plan to give it all to someone upon retirement of shortly before. Minimizing tax liability will be my biggest concern....well that and having enough money to eat and such.
I like hiring professionals to do what they do best. My nest egg is far too valuable to trust it to myself.
Posted on 10/28/25 at 2:14 pm to tigerlife00
Any advice on Vanguard vs Fidelity? I currently have an account with both and will combine
Posted on 10/28/25 at 2:21 pm to REB BEER
No, I have a 401k and an IRA and im trying to decide if i should manage them myself
Posted on 10/28/25 at 2:41 pm to tigerlife00
Depends
If you have enough to go around, interview some advisors and see what you think. You can invest some of it with them.
You can take some and invest yourself
It could be fun to see who does better
If you choose to do it yourself, you have no one to blame but yourself if you lay an egg but you also get the credit for gains
If you have enough to go around, interview some advisors and see what you think. You can invest some of it with them.
You can take some and invest yourself
It could be fun to see who does better
If you choose to do it yourself, you have no one to blame but yourself if you lay an egg but you also get the credit for gains
Posted on 10/28/25 at 2:42 pm to tigerlife00
Hey if you want to give away 1% of it a year no matter how the market performs instead of doing just some minimal research to do it yourself, well then by all means let someone else handle it.
Posted on 10/28/25 at 3:44 pm to tigerlife00
quote:
No, I have a 401k and an IRA and im trying to decide if i should manage them myself
What have you been doing your whole life? Its really not difficult. The main benefit to a manager is to prevent you from doing something stupid like going all in on Bitcoin or pulling all out.
In regards to yearly management, you can easily learn in 1 year. But you need to start now.
Posted on 10/28/25 at 4:12 pm to tigerlife00
You should get informed either way so you dont get duped and understand advice from a professional in case you go that route. Unless you have an unusually complex situation, self management is feasible. Determining an appropriate diversified allocation and withdrawal rates are pretty straight forward. Tax optimization might be a benefit of using an advisor and tax pro.
Your allocation 1 yr from retirement should look very similar or same as your allocation in first 5-10 yrs of retirement. Do you know hpw you're.invested.npw.and.if it is appropriate to meet your needs and risk profile in retirement? If not get on it now. I'd start by reading up on safe withdrawal rates/methodologies, SS claiming strategies, and portfolio allocation in retirement. Once you have those down read up on tax optimization strategies including Roth conversion, IRMAA.and.RMDs.
Most resources I'm familiar with are more accumulation phase focused. These are a couple that get more into drawdown phase:
Book:
Amazon
Podcast: Talking Real Money Their website has resources including a risk profile quiz Talking Real Money
Your allocation 1 yr from retirement should look very similar or same as your allocation in first 5-10 yrs of retirement. Do you know hpw you're.invested.npw.and.if it is appropriate to meet your needs and risk profile in retirement? If not get on it now. I'd start by reading up on safe withdrawal rates/methodologies, SS claiming strategies, and portfolio allocation in retirement. Once you have those down read up on tax optimization strategies including Roth conversion, IRMAA.and.RMDs.
Most resources I'm familiar with are more accumulation phase focused. These are a couple that get more into drawdown phase:
Book:
Amazon Podcast: Talking Real Money Their website has resources including a risk profile quiz Talking Real Money
This post was edited on 10/28/25 at 4:13 pm
Posted on 10/28/25 at 4:20 pm to tigerlife00
My only advice would be find a CFP that is also a CPA and combine all of those dealings under one individual.
Otherwise I wouldn’t hire a CFP.
Otherwise I wouldn’t hire a CFP.
Posted on 10/28/25 at 4:27 pm to masoncj
quote:
My only advice would be find a CFP that is also a CPA and combine all of those dealings under one individual.
Second that.
I would do a one off game planning with one, but not have them manage your money ongoing. Pay the thousand-ish dollars and get a comprehensive plan. If you have not done it, you also want to pay a lawyer to setup will, trusts, end-of-life legal paperwork. That is going to be another thousand-ish.
Posted on 10/28/25 at 5:08 pm to DarthRebel
I’m retired and would never pay 1% for investment advice in this stage of my journey. I follow a conservative philosophy and stick with low cost funds in reputable companies that align with my philosophy. I never try to time the market.
That said, I think a qualified tax consultant/CPA could be helpful. I’m will to pay a bit more once a year to help with estimated quarterly taxes, RMD’s, etc.
I’m a huge fan of passive income but that strategy needs to be implemented years before retirement.
That said, I think a qualified tax consultant/CPA could be helpful. I’m will to pay a bit more once a year to help with estimated quarterly taxes, RMD’s, etc.
I’m a huge fan of passive income but that strategy needs to be implemented years before retirement.
Posted on 10/28/25 at 5:09 pm to tigerlife00
What is your current allocation? Do you have other income in retirement? Is retirement savings adequate to meet needs or do you need to take on more risk in hopes of growing it but also potential to lose? What is your expected retirement duration and withdrawal rate? Is leaving an inheritance a priority or spending during your lifetime?
Posted on 10/28/25 at 6:04 pm to DarthRebel
You also need to understand your risk profile. If you’re the type that would be inclined to move to cash after a 10% decline in the market, then self management may not be for you. Funds like Fidelity and Vanguard also have tools that can help assess this risk profile, and recommend portfolio mixes to match them.
Posted on 10/28/25 at 7:48 pm to tigerlife00
quote:you are right to do this. I have an MBA and a JD and I still spend time every year reading finance and investment books.
Does anyone have a book or podcast or anything they can recommend to gain more knowledge on self-investing in retirement? Thanks
Try a Susie Orman just off the bat. Then you will hear names come up and go from there.
Libby is a library resource I use to get reads for free. They also have some audio books. It helped me explain things to wife more concise.
Read books specific for your circumstances. Retirement timeline, life goals, etc.
This post was edited on 10/28/25 at 7:56 pm
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News