What is your net worth and do you have a financial advisor?
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Anonymous
| At what net worth does it makes sense to have a financial advisor? |
Anonymous
| $2.5M and no. At least not yet. Our assets are not complicated: a paid-off house and Vanguard index funds, most of it in retirement accounts. |
Anonymous
| $7.5 mil. Yes, but he doesn't manage all our assets. |
Anonymous
| $12 million, no |
Anonymous
| $1.7mil and yes...they manage our retirement account through our brokerage account, and provide financial advice. We are looking to retire early. |
Anonymous
| 600k and no. But thinking about meeting with someone next year as we just paid off all non-mortgage debt and will be investing much more heavily going forward -- want to make sure we're thinking about things like taxes and on the same page with each other for that step. |
Anonymous
| 1.2 and no. I will probably meet with one when I turn 50 to make sure my finances are where I want them to be to retire at 62. I’m currently 46. |
Anonymous
| About $2m and have a couple of brokers (they came with the assets that were inherited). I could lightly call them financial advisors, but really we just have conversations every few months, it's not heavy-handed management. |
Anonymous
| $5 million and no |
Anonymous
|
It's less about a certain net worth and more about how comfortable you feel making investment decisions on your own.
We are about 1m - and no, because I'm a financial professional and like a poster above it's basically all home equity and retirement index funds. |
Anonymous
| 400k (ima poor!) and f no. |
Anonymous
Yes, it is not about a certain net worth. But then I am a bogleheads devotee, so... NW of 4.5m |
Anonymous
| $3.1 or so and yes. Eventually I will manage it on my own, but I don’t have the time, knowledge or interest at this point. |
Anonymous
| No. It is my husband's personal hobby and he truly enjoys it (weird, I agree.) We are around $1.5M if you include home equity and college savings. |
Anonymous
| 1.6, yes. |