Reported about 1 month ago
At 67, facing uncertainty with a 2% fee financial adviser managing $500K, plus past investment in high-cost funds, raises concerns, especially with Social Security income of $2.2K/month. Despite a 26% return last year, doubts persist regarding the adviser's practices. Options include seeking a fiduciary adviser, using robo-advisors for lower costs, or managing investments through platforms like Vanguard or Fidelity. Understanding fees and potential conflicts of interest is crucial as retirement approaches.
Source: YAHOO