Are You Overpaying for Mediocre Financial Advice?
Is it a good idea to hire a financial advisor? Maybe. Just know what you're paying for. You don't want to be paying fees on top of fees. Often, financial advisors will put their clients in high-cost funds, then charge an advisory fee on top of that. Many clients end up paying for underperformance. Don't be one of them! Look at your investments and your 401k funds. Compare your fund fees against comparable funds. If your fees are significantly higher, it may be time to change advisors.
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The skinny
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