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Reply to "How much money before you stop managing and hand off to a wealth management firm?"
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[quote=Anonymous]I’ve only been investing out of 401k for a few years, mostly in low cost Vanguard index funds often recommended on investor forums. Based on a few years of tax returns, I can’t imagine how I’d even come close to breaking even putting my assets under management. Yeah, I’m probably paying a few hundred more in taxes than I could be. But it’s still less than the advisor fee, and I’d be paying that fee regardless of whether I have dividends or capital gains or not. Granted I only have a few hundred thousand in the market, and many years to go. The numbers might make more sense in the millions and when I have to start cashing out. But for now VTSAX and chill seems to be working best for me. [/quote]
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