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You're listening to Ramsey everyday millionaires where we talk investing, retirement, building wealth, and outrageous generosity. Dave is with us in Cincinnati.

Hi Dave, welcome to the Ramsey Show.

Hi Dave and John, I'm a long time listener and it's an honor to talk to both these guys today.

Thanks for taking my call.

Sure. How can we help?

I am at this season of life.

I'm looking at 63 years old and looking at retiring here in the next couple of months.

And I'm doing a global assessment of my finances.

I'm currently, after slugging it out for all my career, I'm currently under management,

professional management with one of the big name Malpits.

They're managing about 5.6 million at a 1% fee.

And when I look at the next 25 years

as I begin retirement, that comes up

to a substantial amount of future fees that I'd be looking at probably, you know,

in excess of 1.4 million in fees, not including the time value of money. And I was wondering wondering how does somebody like me who needs about

$75,000 a year to pay my bills if I wanted to become self-managed or go into some kind of a flat fee management scheme,

how does one depart from being fully managed and look at making a serious transition into becoming either semi-managed or self-managed.

And is that even a wise thing to consider, you know, at this point in the game for me?

Yeah, I think it's a wise thing to consider. you know at this point in the game for me.

Yeah, I think it's a wise thing to consider

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