Quote:
Originally Posted by rjm1cc
I think it will be hard to find one that will take over if you can not pay your bills etc.
To manage the money think about ETF and invest in the large indexes and forget it.
One problem is that if you sell an investment to adjust your asset mix you will have a capital gain tax so an advisor that wants to rework your investments could cost you a lot in taxes.
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I have an accountant who will surely be able to recommend a bookkeeper to handle my household expenses. I shudder to think it may come to that but one never knows.
I agree about the possibility an advisor could cost me a lot in taxes by selling appreciated stocks and ETFs. Some have enormous gains as I have held them since the 1970s and 1980s. That is why I am talking to several to determine their approaches. Frankly, for now, I like things just as I have set them up. I am retaining enough in cash and treasuries to last me through the end of life given my life expectancy and a few extra years.