investments for 70 yr.old
As a 70 y old, single woman, with parents and grandparents who lived well into their 90’s, Edw. Jones has been handling my retirement. I am still working full time and will begin taking my Soc. Sec. now. I own my own home; it is half paid for (@100 of 200k), and have an auto loan, no other debt. I went for a second opinion to a fiduciary. She apparently is dually licensed and suggested putting 60% (of my @500k ) into an indexed annuity and managing 40% for 1.6% fee. I know there is big commission on annuities and I am hesitant based on what I have heard. I value your opinion and hope I have given you enough information. Thank you.
Terry Says
That person you consulted is NOT a fiduciary who is fee-only. That is an insurance salesperson!! I’m so glad you wrote.
If you want a truly FIDUCIARY review of your portfolio, use the link on my website in the box (top right) or go directly to Wealthramp.com. there you will be individually matched to a Certified Financial Planner who is putting your interests first, charges only fees, and no hidden Commissions. You might have one meeting just to get perspective, or set up a relationship. And I’m betting you’ll pay a lower fee!!
