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Is it really necessary to pay a financial adviser?

February 28, 2018

Via: CNN

What with the anxiety of watching the stock market dip and dive these days and the hassle of finding someone affordable, competent and reputable to manage your money, I can understand why simply shoving your savings under your mattress might have, shall we say, a certain emotional appeal.

But I realize you’re not serious, as you no doubt know such a move would virtually ensure that inflation would erode the purchasing power of your nest egg over time. In fact, even investing all your dough into something simple and secure like CDs or a savings account wouldn’t be a particularly wise thing to do. The returns of an all-cash portfolio just aren’t high enough to support the level of withdrawals most retirees require.

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