Quote:
Originally Posted by manaboutown
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.
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I think it might be more of a challenge to find a bookkeeper to handle / pay your expenses than you realize. Hopefully I'm wrong, as I share your concerns.
But I'm confused as to why you feel you now need to retain the services of a wealth management firm--you sound like a fairly educated / experienced investor, and you wrote above that "I like things just as I have set them up" and "I am retaining enough in cash & treasuries" to last you the rest of your life.
If you like the way things are set up & don't need to sell any stock / mutual fund / ETF investments to pay your bills, why the need to pay for an advisor?