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[quote=Anonymous][quote=Anonymous][quote=Anonymous]

Now, for a financial planner. I have for years shopped around for one and never bit the bullet because it's never clear to me that they can do something I cannot on my own. And yet, there is value in a third-party saying, "It is my expert opinion that you can/cannot do this, and here's what you should do." How to proceed in the search for a planner? Thinking it's worth about $1K for a few hours of consultation and a written plan. [/quote]

Many planners charge a % of managed assets, typically 0.75-1.0%, per year. Then you get all the other stuff with it including unlimited consultations. Larger places will have a minimum of $500k, but smaller ones will usually have a much lower requirement. If you see yourself going back to them every 6-12 months for a check-up, this may be worth it. For example, maybe DW wants to start a hobby business and you need a third party to put a cap on how much you all will put into the business before calling it quits, etc. Don't underestimate the value of a neutral third party telling you both what you should do financially -- that'll reduce arguments.

There are no lack of planners in this area, so just pick one that is indepedent (not working for a firm that also sells you their own funds -- conflict of interest). Here's a long-shot if you want to save a bit: http://grandwealth.com/
They are in Michigan (so lower costs) but one of the principals (Steve) used to live in this area and comes here every 1-2 months. I imagine they may be lower cost, and have a lower minimum investment amount. I worked with Steve when he was at a firm in this area and he's a good guy, but of course do your due diligence as always.[/quote]

There's about a 0% chance an AUM arrangement will be beneficial for the OP.  Much better to just pay $1K one time to draw up a plan and return and revise as needed.[/quote]

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