67-year-old's Social Security dilemma
This is a news story, published by Yahoo Finance, that relates primarily to Social Security news.
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•‘I don’t trust my financial guy.’ I’m 67 and trying to live on $2.2K-a-month Social Security. I have $500K with an adviser, who charges 2%, but last year the return was 26%. What’s my move?
71% Informative
I'm 67 and trying to live on $ 2.2K -a-month Social Security .
I rolled over a roughly $500,000 IRA to him without really digesting how much his 2% AUM fee would add up to.
He invested in about six different funds, Class A, which cost a lot up front.
If you don't trust your adviser, get out of this situation.
Going the robo route is typically cheaper than going the human route.
If you want to talk through your investments with someone, a human adviser can be a great option.
CFPs must uphold a fiduciary duty and put the best interests of their clients ahead of their own.
VR Score
65
Informative language
58
Neutral language
38
Article tone
informal
Language
English
Language complexity
39
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
long-living
External references
11
Source diversity
1
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