Reply to How Many With $1Million+ Manage Own Money/File own Taxes

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[quote=Anonymous][quote=Anonymous]We are right at $1M, in our early 30s, and use a fee-only financial advisor because for years we thought "Ugh, we really need to reallocate our funds" and would keep putting it off. We just don't enjoy figuring out the right mix, making sure everything is on track, determining how much should go into which type of investment vehicle, etc. We use an advisor who has a pretty passive investment approach, which we know we could do ourselves, but we don't. We save more and make more returns because we use them, plus they've helped advise us on insurance (they don't sell, just a second opinion on amount and type), timing on selling properties, and so on.

I usually our own taxes, because our income and deductions are  very simple. This year we have a complex property sale with capital gains, so we will hire a CPA, but after that will go back to diy.[/quote]

Except you and many like you have no idea if your advisor is doing well or not -- you are relying so heavily on salesmen that do you really understand what fees and expense ratios are being paid and after you pay them, are you actually beating the market?? [/quote]

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