If you have a net worth of 1.4 million at 44

[Anonymous]

What type of financial advisor should you get? Is this enough for a wealth manager? Goals include paying for college and being comfy in retirement.

[Anonymous]

A financial advisor is just going to take your money. You don't need a financial advisor to save for college. What do you think this person is going to do for you?

[Anonymous]

You’re doing okay, but that isn’t remotely enough money to warrant a financial advisor. DIY!

[Anonymous]

Does that include your home? If so, you need to aggressively save. No need for a financial advisor right now.

[Anonymous]

Anonymous wrote:Does that include your home? If so, you need to aggressively save. No need for a financial advisor right now.

But where's the best place to save? I want to turbo-save.

[Anonymous]

Lol no you don't need a manager.

[Anonymous]

Anonymous wrote:Lol no you don't need a manager.

LOL OK LOL!!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Does that include your home? If so, you need to aggressively save. No need for a financial advisor right now.

But where's the best place to save? I want to turbo-save.

Save for college in a 529. Save for retirement by maxing 401k, doing a backdoor Roth (assuming you have no traditional IRAs), and buying broad stock market index funds (like VTSAX) and ibonds.

[Anonymous]

Anonymous wrote:What type of financial advisor should you get? Is this enough for a wealth manager? Goals include paying for college and being comfy in retirement.

Doesn't matter who is helping you, its your money so you need to research and learn enough to know how its being managed.

[Anonymous]

OP, most of the people replying to you don't have the type of money they claim to have.

We use Charles Schwab and have access to a financial advisor that we check in with quarterly. She's a CFP and gives us great advice.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Does that include your home? If so, you need to aggressively save. No need for a financial advisor right now.

But where's the best place to save? I want to turbo-save.

Save for college in a 529. Save for retirement by maxing 401k, doing a backdoor Roth (assuming you have no traditional IRAs), and buying broad stock market index funds (like VTSAX) and ibonds.

Agree

[Anonymous]

Anonymous wrote:OP, most of the people replying to you don't have the type of money they claim to have.

We use Charles Schwab and have access to a financial advisor that we check in with quarterly. She's a CFP and gives us great advice.

can you elaborate on this option?

[Anonymous]

Dude people are so mean. I have a financial advisor and probably about the same net worth as you (I have a business so value is debatable). I like having a financial advisor so I don't have to worry about my strategy, they do. I also watch my Dad, repeatedly, lose his shirt in the stock market. So I had no interest is DIYing it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:OP, most of the people replying to you don't have the type of money they claim to have.

We use Charles Schwab and have access to a financial advisor that we check in with quarterly. She's a CFP and gives us great advice.

can you elaborate on this option?

If you go to their website, you'll see all the options they have. We have Intelligent Portfolio Premium - about half of our accounts are invested in their roboadvisor and the other half we do on our own (and our 529s are through the state, so not under Schwab at all), but you can enter all your info into their retirement planning software and the advisor will work with you to refine it and make adjustments at every meeting. Ours also provided advice on the 529s and the implications of things like buying a $900K house vs a $1.1 Million house, etc.

[Anonymous]

A (good, fiduciary) financial advisor is like a coach. They will help you figure out your financial goals, keep you on track, and prevent you from making huge mistakes.

They won’t make you more money.