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r/personalfinance: Is it worth paying a fee-only advisor 1% a year? I have about $400k.
At $400k, 1% is $4,000 a year, so the question is whether the plan changes a decision worth more than that: tax-loss placement, Roth conversion timing, when to claim Social Security. Many fee-only planners also work on a flat fee for a one-time plan, which at your size is often the better deal. I am an advisor (disclosure) and would say ask any candidate to show you the decision they would change first.