What if baby boomers want to use a financial planner?
One last question in my interview with Bill Losey for National Retirement Planning Month:
Q: We talked about baby boomers being their own financial planners. What if I decided I needed a retirement plann. What would I have to pay? What kinds of people typically use a financial advisor?
A: Baby boomers who are between 50 and 62, most of whom are nearing 60, and who have portfolios between $500,000 and $2.5 million can benefit from a financial advisor. The typical financial advisor charges a retainer based on the value of the portfolio. If you …read more