Financial managment ideas/help

[RealMoneyIssues]

I was wondering if anyone was interested in ideas about financial management and financial planning. I would like to help me help you and have a place to have questions asked and answered.

Anyone?

Bueller... Bueller... Bueller...

 

[OBGibby]

Sounds good to me.

 

[JimmyJoe]

Sounds good to me.

Sounds good to me to. Like for example.. What is the PO? Same thing as the PPT? Plunge..

 

[2moryrs]

Reading old stuff. I use the Dave Ramsey financial ideas. I am down to one debt and will have that gone as soon as I can. I like considering other ideas.
I have a big chunk of my savings in Vanguard. When I inherited, I decided to let them manage for awhile. Did not let them talk me into turning over my TSP account! :*)

 

[Bullitt]

I'm a big fan of reviving old threads. Why make more clutter when you don't need to.

Advisors all want that big kahuna - TSP.

Robo/investment advisors fall into two camps.

1. Get the young millenial and below to invest in a cool app which the advisor can hopefully keep them for the long run. Minimum investment $1,000 (or less).
2. Get the retired baby boomer to transfer their 401k's into a blended IRA that they can manage. Minimum investment $500,000.

Nobody wants to just take a look at what you have, recommend an allocation, and provide some financial advice. They all want either control over that loot or to sell you some life insurance policy.

 

[PessOptimist]

I'm a big fan of reviving old threads. Why make more clutter when you don't need to.

Advisors all want that big kahuna - TSP.

Robo/investment advisors fall into two camps.

1. Get the young millenial and below to invest in a cool app which the advisor can hopefully keep them for the long run. Minimum investment $1,000 (or less).
2. Get the retired baby boomer to transfer their 401k's into a blended IRA that they can manage. Minimum investment $500,000.

Nobody wants to just take a look at what you have, recommend an allocation, and provide some financial advice. They all want either control over that loot or to sell you some life insurance policy.

I like reviving old threads too as old info posted may apply currently. And to avoid more clutter and make searching easier.

I agree with everything you posted except I ran in to an exception a few weeks ago. The SO decided she needed to open a savings account at a different bank. Her decision was based on ease of access as she uses a walker. Flat parking area was a must. OK, superfluous information. I suppose. Moving some savings to a new bank might be prudent.

When we got the opening of accounts and fantastic offers of whatever concluded came the discussion of retirement investments. When the bank employee got all the information he stated that we were better off staying with TSP even if all in G fund because he could offer no better despite the low interest. He did of course give us all the brochures and tell us he would be happy to get us in his bank's plan. I hope he didn't get terminated for his honesty. My reason for posting this is that it is not all advisors. Just 99.999%

PO