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Reply to "Financial advisor for people who are not super rich"
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[quote=Anonymous]Here's the skinny: --Save 15-20% of your gross income to retirement into low-cost and long-term investments --Make a plan to save for college at whatever level you are comfortable with and stick to it --Have an annual budget with broad strokes of categories like fixed costs (food, mortgage, healthcare, auto, debt payments) and discretionary costs (vacations, eating out, pets) If you can get that in place, then you can look at fancier things like: --Optimizing tax-advantaged savings strategies --In-depth retirement planning --Budget analysis according to life priorities I promise you that financial advisors are not worth much until you do the above basics. Then once you do them, you are well-positioned to manage your money yourself.[/quote]
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