Any suggestions on a great financial / retirement professional in The Villages?
 

Moving to The Villages and need a new Financial / Retirement professional ? I have worked with Merrill / Goldman in the past but looking for a local more personal experience going forward. Thanks all !

I am DIY as I do not want to pay someone a huge percentage of my investment income for essentially nothing. Be wary, very wary, of sharks.

Check out the Clubs section. There must be at least one club for that?

Be very careful

I would suggest Fidelity. They have a local office at Lake Sumter. You can be a DIYer or get professional help as needed. I think they will also track all of your stocks and other investments in one brokerage account.

If you have someone now, and you trust them...................talk to them now, before you leave. Tell them your plans, get advice from them about how you are positioned now (probably fine going forward) and stay in contact with them via phone, zoom, etc.

There are good individuals down here..............but they all want $$$$.
Stay away from the annunity sellers down here.

Good Luck

I've been thinking about the same thing. I've been a do-it-yourselfer all my life and through dumb luck have done pretty well with it.

I'm thinking about getting an outsider involved and it's a pretty scary proposition, especially since the term fiduciary seems to have been watered down or redefined a little.

I've used citi gold wealth management a little bit I don't think that's the real deal.

My obligatory post to anyone seeking investment advice.

Take time to read Paul Merriman’s 3 FREE ebooks.
1. First-Time Investor
2. 101 Investment Decisions
3. Get Smart or Get Screwed (read this first!)

Found at paulmerriman.com

Also on his site are recommended portfolios for using Vanguard, Fidelity, T.Rowe Price or Schwab for DYI'ers. Much good info, ignore the puffery and sales pitches.

If you do want to know too much about annuities, listen to Stan The Annuity Man® | Brutally Honest Facts About Annuities podcasts.

Podcast - Have Fun With Annuities(R) | The Annuity Man

Last recommendation is FIRECalc: A different kind of retirement calculator , a Monte Carlo simulation of your future.

FWIW

I am not sure in this day and age why you would need someone local unless you want to actually sit at a desk with them (get a free coffee or pop?) when you do your quarterly or annual reviews that we do by a Zoom call even when we were local to them? Just my 2 cents.

Thank you for all the feedback.

Scott Windsor. He’s affiliated with Citizens First Bank and his fees are not outrageous. He also is a fiduciary.

Does anybody know when you turn 73 and you have to take your RMD from an IRA And you deferred compensation plan besides charity donations or switching to a Roth IRA (which is I understand that it’s not possible unless you are employed )are there any other way legally to not take any distributions or to reduce tax liability?

Fidelity has been terrific and the LS staff outstanding.

Careful with the annuity sharks.

If you switch to a Roth, you still need to pay the tax. The only way I know of to avoid the tax is to transfer money directly to a charity.

Rob Luther Group at Merrill Lynch in Sumter Landing has been terrific for us.