QUOTE=manaboutown;2456332]Zooming with Pam's referrals has been a time consuming but highly productive process.
So far I have spoken and Zoom met with two of them. A third guy who looked good to me on paper did just not seem interested. Anyway, to prove productive the process required me to do some digging, looking at past tax returns, where my portfolios had been back when and where they are now, and much more. It caused me to reflect on decisions I had made and how they worked out...or NOT! I pulled up both historical and current brokerage statements, found cost basis, examined gain/income vs. risk, valued my real estate assets, how much I spend and gift to family members, the needs of my heirs and devisees, their particular circumstances, how their ages factor into my decisions and so on.
The two outfits I had serious Zoom meetings with each offered some ideas. Surprisingly their model portfolios for my situation were quite different. Neither proposal appealed to me. My taxable account portfolios would require sales and hence loss of substantial value due to the payment of TAXE$$$ (once it's gone it's gone IMHO!!!). Furthermore, their replacement ETFs had significant management fees. With one outfit considering their AUM and the Dimensional Fund fees costs would run me well over two percent on an aftertax basis! I have read and learned index ETFs with the lowest fees tend to be the winners, perhaps as much as 95% of the time so these high fee funds are a definite no-go.
Your fees are their wealth! Never show you any returns on a risk adjusted basis. Put the money in your pocket and use low-cost etf index.
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