IRA Financial consultant fee
My financial consultant is charging 0.9% per year for as long as I want him from Fidelity. Is that the going rate?
Terry Says
Are you happy with your investments? Do you need handholding — now or if the market “crashes”? If you think you can do it yourself, and have the discipline to stick with your plan — and if the “consultant” is not doing other planning for you (tax, estate, health insurance, etc), then you don’t need the consultant.
Just under 1% is about right IF you’re getting all those services. But if you’re not using them, don’t pay!! Just stick with the investments you have.
