I started a little late on the on saving for my retirement but nothing too crazy. I missed out on probably 2 years due to switching jobs and eligibility with employers but the good things is that I’ve been saving consistently ever since. My 401k is matched by my employer and my previous one was as well. I saw a financial retirement counselor who said I could be a little more aggressive with the accounts that I have set up for retirement. He is not a financial adviser but I was thinking of working with one to further the conversation I had with the counselor.
What are your thoughts on working with an adviser and do you have one you’ve consistently worked with?
I do have one that I use for a portion of my retirement funds. I also self-manage another portion. Personally, I love being able manage some of my own investments, but the thought of managing it all stresses me out. However, we both get about the same annual returns.
I think that recommendation was given, Suzanne, with the thought that your BEST chance of getting someone who puts your interests first as a client is someone who is 100% independent. We would agree with that, especially for those just getting started. However, it is possible that an adviser that is affiliated with a financial service firm will do that, but it isn’t a given.