Really no specific question, we’re just getting to the point where some help with our money may be needed.
Just turned 64 and will contemplate retiring at 65.
My bride is 9.5 years younger than me.
We will be closing in on 7 figures in about 1 year, depending on the market.
We live a pretty simple and debt free life. (Home is paid for also).
Investments are mostly IRAs in Vanguard Target Date funds including my 401k that is with Voya.
The 7 figures will include a healthy emergency fund and an annuity that is mature (I think) and currently sits at about $75K.
About all we’ve ever done with money is save it. We have never used an advisor. I have interviewed a local CFP https://www.augustinefinancial.com/ that comes highly rated from a very close friend that uses them. They charge about 1.37%, hold your hand and do just about everything for you…. OR….We can go with the program that Vanguard offers, still have a dedicated CFP handle our account for about 0.3%. If we turn over approximately $800k there is a difference of $8,480.00 per year. To us, that seems like a lot but I know that 1.37% is in range with what a CFP charges.
Thoughts from anyone that has been down this same road and input from anyone that uses a CFP would be welcome.
It's just scary handing what we have busted our ass' for over to someone.