If you don’t know how to invest your money and/or how to make money while in retirement, you are at a huge disadvantage and are vulnerable to hire a bad person to handle your money.
Just because “a friend” says some firm is good, ask your friend what kind of equities your invested in and what kind of fees they are paying and what kind of gains they are getting now and say for the last 5 years, and 99% of your friends are clueless and won’t be able to answer these questions. I have helped dozens of friends and a lot of them had some of the advisors mentioned above and they were not making any money while paying loads and high fees.
Ask any potential financial advisor can they guarantee that they will make me more money compared to what I have been making and their answer is always no guarantee.
Stay away from the free dinner investment sales pitch. Nothing is free.
I would recommend checking out the robo investment advisors for no cost from Schwab or vanguard.
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