Posted 2/15/2024, 11:00:00 AM
Retiring Soon? 5 Tips to Review Your Financial Adviser and Fees
- You are paying a 1.5% management fee which seems high, review what services are included and check if there are other hidden fees
- Compare your portfolio's performance to an appropriate benchmark index to evaluate your adviser
- Discuss your risk tolerance and investment objectives with your adviser to ensure you have reasonable expectations
- Consider whether your asset allocation is properly balanced between stocks, bonds, and other assets given your needs as a retiree
- If dissatisfied after reviewing these issues, use NAPFA, CFP Board, or Garrett Planning Network to find a fiduciary fee-only adviser