Went to a financial advisor about starting a Roth IRA and almost got steered into a indexed universal life insurance policy. Hey everyone, Just wanted to share my breif but recent experience and everything that Ive come to understand so far. For starters, I reached out to a financial advisor with the original intent of looking into building a Roth IRA. After the first meeting they tried to steer me towards doing an indexed universal life insurance policy as an invest…

Meeting with Grandma’s Charles Schwab advisor… what questions to ask? Hi everyone, Basically, my grandmother is in her retirement years but we have not checked in with her financial situation at all. We’re moving in a direction where we (my wife and I) want to just check in with her finances every few months. We don’t want to get blindsided by anything, and we want to keep a pulse on how she is doing financially. …

Financial Advisor saying to only contribute to Roth 401k for next 9 years before retirement I have about 1 million in a regular 401k. No roth of any kind. She thinks I should hedge in case tax rates go up in retirement. Most likely in will be in the same tax bracket or lower at todays tax rates. submitted by /u/BodSmith54321

MetaDAO Hires Futarchy’s Creator Robin Hanson as Advisor Hanson, who devised the new form of governance a quarter century ago, gives a boost to the year-old crypto group.

Financial Advisor hides Gain/Loss info on Schwab. Concerning? I’m not sure if I’m overthinking it, or if this is a common thing a financial advisor does, but my financial advisor does not allow his clients to see the gain/loss information in their Charles Schwab account. What really made me start to question it was an update to the app recently. I did have that information for a few days and I noticed tha…

How to find a GOOD financial advisor? I recently started making $150k+ USD per year. I grew up poor, and was poor well into my 30s. I need to find a financial advisor but I have no idea what to look for or how to screen them. How can I determine who’s good and who isn’t? It seems like a lot of trust to put into a stranger. submitted by /u/Gone333

Financial advisor pushing hard for whole life Insurance along with term life. My (31M) wife (29F) and I are utilizing a financial advisor, who is her good friend’s brother. We decided to do this so that we can start to get our finances in check, as we just got married last April, and want to start building a real savings, and start saving for a house/condo. For context, I make pretty good money, and my wife makes ok money…

Advisor recommending HELOC for emergencies. Good or bad? My advisor is recommending I get a Heloc just for emergency purposes. Is this a good or bad idea? submitted by /u/jamjr7411

Trying to understand this chart my advisor provided showing my portfolio’s performance. Did I beat the market? https://i.imgur.com/kQiF5tK.png I asked my advisor for a report comparing my portfolio to the overall market or a benchmark index. I got a long PDF with lots of information, but I think this chart is really what I’m looking for. This was as of Nov 10th, 2024. I’m trying to understand how my portfolio stacks mainly against the S&P 500, which this…

Financial Advisor – Do I Need One Hi Guys, I’m wondering, at what point do you feel a financial advisor is needed. For some background, I’m 46 (if that matters), have a 401k, Roth, a little crypto, some savings, sell a few grand worth online every year, drive uber part time… I’ve always done my own taxes but this year it seems like they might be more involved. I don’t really …

My advisor is suggesting I move my IRA to an annuity a SCS with upside protection I’m a 35-year-old female stay-at-home mom (SHM). I’ve rolled over all of my 401(k)s from previous employers into an IRA with my FA. My husband, 37, continues to work and earns about $70k per year. He also has a 401(k) from his employer and a pension. We own one rental property that generates about $20k in profit annually. The IRA I’m currently i…

Inspired by JL Collins – should I ask my financial advisor to redistribute my existing Roth all to VTSAX? Newbie here. Just finished JLCollins A Simple Path to Wealth and checked my Roth IRA to see what funds my advisor had my account invested in. I was surprised to not see any $ in VTSAX – should I reach out to them to reallocate? How does this work? My financial advisor is a long time family friend, so a bit nervous to question them based on what …

Northwestern mutual financial advisor My wife and I inherited money from her dad’s IRA…I had to be put into an account…We eneded up going with Northwestern mutual financial advisor….All our money got out into an investment account…bonds, funds and such….After 4 years, nothing really is growing, they set it to High investments and they keep telling us it’s not a good idea t…

Vanguard Digital Advisor I went to open a joint investment account for my wife and I, and was offered 90 days on their digital advisor program. With my initial deposit it simply split the total stock and international stock market funds 60%/40% respectively. Does anyone have experience with this service? I have been investing in index funds like the S&P500 index fund on…

What’s the best retirement book and advisor? I have read many personal finance books and I believe I will teach you to be rich by Ramit Sethi is the best one. I don’t recall seeing a large section on retirement and am wondering who has the best literature on this topic. Anyone you recommend? submitted by /u/UltraAware

At what point do you work with an advisor/ planner? Me and my wife (early 40s) are coming into a significant amount of money and property. I’ve been on this subreddit and a few other similar ones, and there’s a lot of good advice that I’ve come across. I’ve done most of the investing and have done pretty well. I feel we never needed an advisor/planner but now with the assets we’re expecting, I’m …

I feel that a financial advisor is best, but how do I decide? I don’t make a ton of money, but recently started making more and get paid weekly. I want my spouse to step down from his roll in the next year but need to make sure we have every penny planned and accounted for. Is a financial advisor the best way to go about this? Are there free ones or only paid? How do I decide what determines a good financ…

Financial Advisor invested my money in ERX and UBOT — 2x leveraged ETFs. Is this bad? Hi, I’m starting to have concern over my financial advisor investing all of the money in my Roth IRA (granted, not much, I am only starting out) in Vanguard ERX and UBOT, which look to have high betas (?) and just, on the surface, appear volatile. Should I feel concerned about his decision? submitted by /u/Abject-Ad8463

When to Hire a Financial Advisor (and When to Invest on Your Own) Make sure the value your advisor brings is worth the cost.

AXA is terrible. We are meeting with our advisor tomorrow. What questions should we ask? My wife is a teacher in Michigan at a public school. She has been contributing to her 401k over the past 6 years and maxing it out most of those years. She has contributed over $107,000. In a booming market, her account has only grown to $129,000. We went with this advisor and company based on their reputation and recommendations from others. Un…