[quote name='mtxbass1']Personally I just don't agree with paying someone else to make money off of my money. If they can get me 8%, but take a 2% commission, and I can get 6% all by myself, why would I even pay them?[/QUOTE]
Agreed. With all the funds like the one I have that rebalance quarterly and auto adjust level of aggressiveness as you close in on retirement, there's just no need for a financial adviser for most people--even if you're not knowledgeable and don't care to learn much about investing like me.
The exception would be if you came into a big inheritance or something, as if you suddenly have six figures or more of cash to deal with, then yeah maybe you need some expert help.
I'm really lucky with being in higher ed and having TIAA/Cref as they have no fee IRAs for us and I think we can even get free financial counseling if we want etc.
Agreed. With all the funds like the one I have that rebalance quarterly and auto adjust level of aggressiveness as you close in on retirement, there's just no need for a financial adviser for most people--even if you're not knowledgeable and don't care to learn much about investing like me.
The exception would be if you came into a big inheritance or something, as if you suddenly have six figures or more of cash to deal with, then yeah maybe you need some expert help.
I'm really lucky with being in higher ed and having TIAA/Cref as they have no fee IRAs for us and I think we can even get free financial counseling if we want etc.