mo money, mo decisions
August 26, 2014 12:36 PM Subscribe
What kind of financial planner do we want? I was referred to a financial planned by someone trusted but he's the kind that takes a percentage of your money each quarter and moves it around. This made me nervous. What options are there?
The financial planner acted a little mortified at my 401K choices. (I did pick the choices when I was about 25 and guessing)
He was going to charge about $4000 a year (a percentage-I think 1%) to manage it.
I'd think I'd prefer someone that just charges me an hourly rate a couple times a year but maybe I'm wrong.
We also have cash saved and a couple houses and want to buy a new house and sell the other two home. I'm not sure how to balance the cash/mortgage. Do we buy in cash? Get a mortgage with cash in the back?
Life insurance... what should we do? We don't have any.
These are the types of questions I have - what type of financial planner do I need? Is there a name for them?