Reply to Fee-based financial advisor for retirement years

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]TIAA has advisors that are on salary.  They will rebalance your portfolio once per year for free (we have an annual meeting for that purpose).  We are approaching retirement, 3-5 years, depending on if you ask me or my spouse![/quote]
[b]
Do you have a dedicated advisor? [/b]As we approach early retirement, we don’t expect big changes in our accounts. [b]But will need advice re tax and other estate changes and laws, etc. [/b]Where to spend down, what rate, where do we pull $ for occasional big expenses, etc. Ideally we’d like quarterly checkups and retainer for the occasional question. [/quote]

We do have a dedicated advisor, and/but the person tends to change every 5-7 years.  Like any other professional, the way to make big salary leaps is to change companies.  But TIAA has a program (as do all the firms) that runs your numbers in thousands of scenarios and tells you that you have a 99% chance (or an 83% chance or whatever) of making your retirement goals.

They rebalance once a year for free, they [b]do not give tax advice,[/b] that is what our accountant is for!   Eg, We do have a big expense coming up (once in a lifetime, 3 generation trip to a very far away, very expensive locale, that we are paying for our parents, us, and our kids).  We asked the accountant should we sell some inherited stocks (from the other set of parents who have passed) or use funds from an invested mutual fund?  [/quote]
Not sure if this is for teachers only. But do you pay a retainer or monthly fee for ongoing services & advice? Is that amount calculated based on your assets? Do you mind sharing a ballpark price? Thanks [/quote]

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