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Personal Finance and Investing

catbyte

(36,800 posts)

2. I was confronted with that choice last year and decided to go with a financial planner.

Reply to not fooled (Original post)

Thu May 14, 2020, 09:47 AM

May 2020

When my significant other died suddenly last year, he left a very significant 401K to me. I didn't know jack about investing, so I got a referral from the estate attorney I hired. She's been great. She diversified the funds in such a way that it hasn't taken a huge hit since the market tanked. If you think you can educate yourself sufficiently, I say go for it; I just didn't trust myself enough. If you do go to a financial planner, make sure you do a lot of research to ensure they're legit. Good luck!

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Do I need some sort of financial advisor? [View all] not fooled May 2020 OP

we talked with an adviser from Fidelity and he was great!!!... samnsara May 2020 #1

I was confronted with that choice last year and decided to go with a financial planner. catbyte May 2020 #2

I 'inherited' one from my family janterry May 2020 #3

If you are willing to pay small fees and have a spooky3 May 2020 #4

Our financial advisor is local. We used him because others we trusted badhair77 May 2020 #5

I have been investing for myself since my first professional job mnhtnbb May 2020 #6

I recommend Wawannabe May 2020 #7

A second recommendation for Edward Jones csziggy May 2020 #13

I like dealing with Fee only advisors... the advisors that make a commission tend to churn the pot mitch96 May 2020 #8

Commissions are a red flag for me. Means he will get paid more if he sells you certain products. Midnight Writer May 2020 #9

If you do hire a financial adviser, be sure that she or he is a fiduciary. Nt spooky3 May 2020 #10

One thing to look at is robo advisors Steelrolled May 2020 #11

Ask more questions of any potential advisor. PoindexterOglethorpe May 2020 #12

Thank you for sharing your experiences not fooled May 2020 #14

Responded to the PM PoindexterOglethorpe May 2020 #15