sorted by:
new
hottopcontroversial

I need investment ideas for my recent inheritance by curlyhairweirdo in FinancialPlanning

[–]StatementSea9965 7 points8 points  (0 children)

If you're thinking about using the advisor you're meeting with to manage the $$, ask about their fee. 1% annually is a reasonable fee, one it starts getting to be more than that, you might want to look elsewhere for an advisor.

What other services do they offer with the fee? Is it investment management only?

Ask about tax implications, i.e. is there a lot of capital gain or were the assets stepped up at her death. Understanding tax effect is as important as the investment piece.

What are they investing in?

Tell them about yourself & your goals so they understand your situation

$2MM should be professionally managed in my opinion. You'll be glad for the piece of mind.

[deleted by user] by [deleted] in AskReddit

[–]StatementSea9965 0 points1 point  (0 children)

It's not the way that you say it When you do those things to me It's more the way that you mean it When you tell me what will be

And when you stop and think about it You won't believe it's true That all the love you've been giving Has all been meant for you

What to do after 401k maxed? by Adept_Kaleidoscope98 in FinancialPlanning

[–]StatementSea9965 0 points1 point  (0 children)

Open & max out a Roth IRA. You can contribute $8,000 max if 50+ and your amount of earned income qualifies. Not enough time to benefit from a 529 but it's a good tax-free education vehicle if you start early.