When I left my previous employer after 35 years I got some hard sell calls from Fisher Investments. They wanted to charge me 1.25% per year to manage my portfolio, instead of a “cookie cutter” approach with a mutual fund.
Basically, they wanted north of $10,000 per year to talk to me on the phone from time to time. My cookie cutter works fine and the management fees are in the double digits. Their TV ads are stoopid.
Double digits as in $50 bucks not 10%
I’m getting a lot of them now. Did some research, no thanks!
Fischer’s advice to steer clear of annuities is good advice.