Do We Really Need an Advisor?

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.6 • 1.8K Ratings

🗓️ 3 December 2020

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Is an advisor fee of one percent really worth it if all you're getting is money management? Are there less expensive alternatives? Have a money question? Email me here. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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0:00.0	Welcome to the Jill on Money Podcast. It is Thursday, December 3rd and we are
0:10.0	delighted that you're joining us. I want to remind everyone we are Jonesen for
0:16.4	your voices. That's really the most important thing that I can say. I would love to
0:21.6	have more and more of you join us. That way we can talk more. We can get down to some
0:27.4	unanswered questions that usually arise with an email. So I would love it. Wouldn't you love it. You can change your name if you're shy change wherever you live it's okay. No one's going to recognize your voice trust me really so send us an email
0:40.8	Ask Jill at Jill on money.com Ask Jill at Jill on Money.com.
0:43.1	Ask Jill at Jill on Money.com.
0:45.8	And don't forget to mention if you are willing
0:48.1	to come on the air with us.
0:49.2	It would be so much fun.
0:50.4	Okay.
0:52.1	This is from Dawn, whose subject is an interesting one. Do I really need a
0:58.2	traditional financial advisor? Excellent question. So Don writes, I love your show and I appreciate it so much to the
1:05.3	point that I've become OCD about making sure I download and listen to each and
1:09.8	every podcast at a fear of missing out.
1:13.5	I like that.
1:14.6	Anyway, here's Don's question.
1:17.2	Don says, we are retired, 67 and 65.
1:20.4	We have no debt, pension and Social Security income that more than covers our rather boring lifestyle
1:27.2	We've got about 1.2 million dollars invested in IRA assets with a traditional fee-only fiduciary.
1:35.0	It is the second one we have used in the past seven years.
1:38.0	We also have another million or so that I still control,
	...

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