I'm agreeing with the comments on Vanguard. I have four model portfolios that I've followed over the past year. Two were based on my experience with two different advisors (one on Barron's top 100 list for several years). The other two based on vanguard recommendations using their portfolio modeling on the website. Best YTD one of the Vanguard model portfolios. Worst the advisor on Barron's top 100 list.
Past performance is no indication of future results.
Another thing to consider. If your advisor has a 1% management fee for your 500K portfolio and you withdraw 4% per year. You get 20K and he gets 5K. In other words 20% of the $$$ coming out each year goes to your advisor. Not counting other fees and commissions.
|