What is your net worth and do you have a financial advisor?

[Anonymous]

$8.5M and yes.

[Anonymous]

$10.5 million and yes.

[Anonymous]

$8 million and no.

[Anonymous]

8.5 million and 10 million, what are you paying in advisory fees?

[Anonymous]

$4m and no, thanks.

In fact best decision we made some years ago was to get rid of our advisor.

We can do it better and cheaper and way more fun.

[Anonymous]

$25k and we have a financial advisor.

[Anonymous]

$17.5M yes, but I don't know why. They have about $$2M of our money and do about market returns. I manage about another $10M and consistently earn double to triple their returns. The balance is tied up in residences and businesses.

[Anonymous]

Almost $1M in retirement (mostly tsp and DH’s 401k) plus both of us will have pension benefits. (I’m a fed, DH isn’t, but has a similar type pension). But we don’t really have any other assets except for home equity and some regular savings.

No advisor since there’s really nothing to adjust at this point in time. However, i might be willing to pay for some help when we get closer to retirement, since it seems that strategy will likely become more important.

[Anonymous]

How the f do all u people have so much money?

[Anonymous]

Anonymous wrote:How the f do all u people have so much money?

Uh high paying jobs starting in early/mid 20s and continuing for 1-3 decades? Businesses? Investments? Family money/trusts? Is it soooo unthinkable?

[Anonymous]

6+ M. Hell no.

[Anonymous]

Anonymous wrote:How the f do all u people have so much money?

Don’t ever lease cars. Pay cash for cars that we keep at least 6 years. Don’t belong to a country club. Lived on one salary and saved the second for the 1st 10+ years of our marriage.

[Anonymous]

$4M and No

[Anonymous]

Anonymous wrote:$17.5M yes, but I don't know why. They have about $$2M of our money and do about market returns. I manage about another $10M and consistently earn double to triple their returns. The balance is tied up in residences and businesses.

This. Here's an example of how they can do:

https://www.msn.com/en-us/money/retirement/man-87-searches-for-job-to-pay-for-wifes-medical-bills-hes-a-very-good-man-she-says/ar-BBMCOih?li=BBnbfcL

[Anonymous]

$3.5m including 401k and house net value. No financial advisor, but we are getting ready to look for one to develop our retirement plan- not for the long term, just o set up our strategy. DH is 57 and I am 54.