I’m extremely fortunate to have a respectable portfolio of just under $1,000,000 at 36 years old. I know nothing about investing and between two young kids and a high stress job I don’t have the time or energy to start learning so I’ve been relying on fiduciary advisors the last few years.
I’m on my second advisor and I’m considering a third due to trust issues. My current advisor is trying to sell me on an annuity for about $450,000 I’ve recently inherited. He claims there are tax advantages. I am maxed on my Roth’s and 401k’s. I’ve heard so often that it’s become an cliche that an advisor would recommend an annuity for inherited money. It’s really shaken my trust in the guy.
At the same time, I don’t want to be changing advisors every few years. How can I determine if my advisor is someone I can trust or find a trustworthy advisor?
Submitted February 07, 2019 at 11:19AM by OttoGershwitz http://bit.ly/2WOtKT5
