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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Retirement Investing
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Author: richinmd   😊 😞
Number: of 1282 
Subject: Re: Fire the Advisor with the 3% Fee?
Date: 04/30/26 8:30 PM
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No. of Recommendations: 3

I rarely ever say anything but it is amazing how many people have financial advisers and don't seem to mind paying the fees. I just had lunch with 5 retirees and most all of them mentioned using advisers. Now most weren't high end but like Vanguard or Fidelity but we are talking about engineers and other tech folks. Some people just have zero interest in investing. And in some cases in the past I would hear about how they were friends with the financial guy so they are letting friendship get in the way of business.

I just used an independent insurance broker and was able to save nearly $175 per month on our insurance policies. I was impressed that my old insurance company refunded my payments within the week.

Anyhow, I think this topic has lived on too long. Sorry for extending it.

Rich
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This community has written 1,215 posts about Retirement Investing. The article-length ones it recommended most:
The Case for Long-Term Buy and Hold Investing · 49 recs · 2025
Transferring assets to the next generation · 20 recs · 2025
Retirement Year 8 · 17 recs · 2025
(nearly) year one of retirement has been good · 11 recs · 2026
Buying Treasuries Via Vanguard · 10 recs · 2023
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