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Hello,

I am 27 years old and recently inherited about $700,000. My family has a financial advisor through a more prominent firm, but I can not trust the guy. He is charging +2% fee on our total sum. He got a lot of customers, so I feel like he does not have enough time/energy to focus on my wealth. I have been studying/reading and thinking about doing it by myself through Vanguard's index funds. I'm thinking put majority of my money in couple index funds and let it sit for years without making adjustments. However, I am pretty scared that I'm going to blow all my money. Some say I should hire a financial advisor, but it seems like FA are all trying to do whatever is in THEIR best interest (although they say that they will be my fiduciary). Another person recently told me that I should hire a tax consultant/accountant/lawyer so that I can find the best option for me. However, I don't think I need to worry about taxes, bc I am currently in a professional school, so I have no income.

What do you guys recommend?



Submitted June 22, 2018 at 09:58PM by behappyppl https://ift.tt/2Kf5qGw

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