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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: geoffrey Wren who wrote (26475)	2/5/2017 1:30:53 PM
From: E_K_S	Respond to of 34328

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To: geoffrey Wren who wrote (26475)	2/5/2017 2:29:37 PM
From: TigerPaw	Read Replies (1) \| Respond to of 34328

I am not inclined to hire an expert to actively manage my assets. Nor I, except that pretty much everyone one I have known that lived into their 80s or more have had some degree of dementia and really need some expert help, in all their life, not just finances. Elder exploitation is rampant. Most advisors I have queried want 1% of assets per year for help, or 1/10 % per month which is closer to 12%. I havent found any that would work for a flat fee unless they also took commissions on trades. I have tried the "set it and forget it," which is actually my complaint. I have a process like that that results in a check to my checking account every month and is fully funded with dividends (plus a bit left over to insure against cuts) The problem is the sale of Scottrade will probably break the whole process. I could try-try again, but it is clear that the "forget it" part of the process may not be voluntary and I have seen many in the last generation lose fortunes in the last few years of their lives. I see an advisor as perhaps the ultimate set and forget, but only if there are assurances, well beyond personal handshakes, that the advice will be valid. You make a good point that I should be getting more comprehensive tax advice than I am currently.