29 ROTH Holdings $86K
Started investing after graduating college in 2019. My Roth IRA is advisor-managed, so I pay about a 1% annual fee, but overall it’s performed consistently well and I’ve appreciated the guidance.
I also have around $25k (all ROTH) in in my 401(k), which I only started contributing to last year (no match). I work in a fully commission-based role, so my income varies a lot — some months are around $5k, while others are north of $20k. I’m currently on pace to make roughly $150k this year.
Outside of retirement accounts, I also have about $140k in a taxable accounts — roughly half in an advisor-managed account and half self-managed in ETFs.
I’m curious what people’s opinions are on using a financial advisor. Do you think the fee is worth it?
For me, I value the planning aspect and having someone help map out what it would take to live the lifestyle I want and retire when I want to. Right now, the projections show a relatively low probability of fully reaching my long-term goals, but I’m still young and have plenty of time to improve my savings rate and hopefully increase my income substantially.
Would love to hear thoughts from people who use advisors vs. manage everything themselves.