My wife and I are fortunate to find ourselves in a position to feel the need for a financial advisor. Looking for a great financial advisor to help us navigate the waters of 'how much should go where and when...and can we still have fun?' Thanks in advance!

Stive said:

---

gigemhilo said:

---

txaggieacct85 said:

---

buy VOO and leave it alone for a long time.

---

Took 11 minutes. impressive!

OP - Dont let these DIY guys make you feel ashamed for doing what is best for your family. If you feel you need an advisors help, by all means. There are a few on this board, but another good place to start is to ask for recommendations from successful people you know. Interview the FA. See if the FA is a good fit for you!

---

This.

(Ignore Barnes.)

---

Wait, is aggieacct85 MFBarnes?!

txaggieacct85 said:

---

buy VOO and leave it alone for a long time.

---

But I was buying Cinemark !! Make up your mind !!

You might tell us where you live.

true.maroon said:

---

My wife and I are fortunate to find ourselves in a position to feel the need for a financial advisor. Looking for a great financial advisor to help us navigate the waters of 'how much should go where and when...and can we still have fun?' Thanks in advance!

---

Looks like you got the usual responses - happy to help and promise I don't 'sell' any type of insurance or product. Just advice, and I'm honestly a pretty poor salesman as I'll give that away freely too for friends and fellow Ags.

Let me know if you'd like to talk soon - you can contact me directly at mherman@missionwealth.com or see the link below for more info on my firm. I'm in Austin but half my clients are in Houston if that's where you are.

https://missionwealth.com/mwteam/mark-herman/

OP i have a family friend that works at UBS and seems to be doing quite well. Full disclosure i don't use him, or anyone for that matter, but I would be more than happy to put you in contact with him. I've met a handful of his clients and have yet to see anyone that seemed anything less than pleased.

I have an unrealized gain of 7.5% in cinemark after my cinemark post

I stand by my comment.

https://finance.yahoo.com/news/dont-pay-investment-adviser-beat-144400899.html

"How much should go where and when". You can't read.

I guess every board has 1......

Sea Speed said:

---

I guess every board has 1......

---

He is definitely the 1…

Did you know when you write numbers below 10, they should be spelled out like one, not 1?

Just a free spelling lesson for you .

true.maroon said:

---

My wife and I are fortunate to find ourselves in a position to feel the need for a financial advisor. Looking for a great financial advisor to help us navigate the waters of 'how much should go where and when...and can we still have fun?' Thanks in advance!I

---

I have no idea of your financial situation, but here's my two cents of general advice.

If you have debt, get out of it.

If you have credit card debt, pay it off and first.
If you have other debt like a car payment, pay if off ASAP.
if you have a mortgage, pay it off ASAP

In other words, get out of debt.

Don't buy a whole life insurance policy ever.

If you have kids or plan to have kids, buy a long term fixed premium life insurance policy that expires after your kids are no longer dependents.

I'm not big on over insuring, but something to consider is long term care insurance. I'm assuming you're relatively young and could get this cheap.

If you work for a company and they contribute to a retirement plan and have a matching %, max out on your contributions. If you're self employed, max out on self employment IRA.

Again, assuming your relatively young and don't want to mess with investing, buy an index fund like VOO and contribute all you can through your IRA or SEP IRA.

Don't lock yourself into or feel obligated to engage with a financial planner or advisor long term.

There are some who will offer advice for an hourly rate. I would do that before having a financial planner sell you their products or someone elses products to you.

Again, not sure of your financial situation, but when I was younger with four kids at home, I created a monthly budget and stuck with it.

At that time, I actually gave my wife an "allowance" in cash each month and if she ran out of money, had to wait until the following month. Barring unforeseen circumstances, of course.

Not, sure what you mean by "can we still have fun?" It's not fun to be in debt.

I drive a 2007 truck. We haven't had a mortgage payment in almost 20 years, etc

I've owned three new vehicles in 33 years, I buy new and drive the wheels off the vehicle.

I also don't know if you're a person of faith, but we generally give 10% to our church. Can always give 10% to a charity

Make sure you have a Will.

Make sure someone else has medical power of attorney and you give someone power of attorney.. likely the person that is the executor of your estate.. someone you trust.

Howdy! Dallas Weeks and I (both of us former students-WHOOP!) run a financial planning practice in the Houston area and work with a lot of Aggies! Shoot me an email at peyton.carlyle@nm.com to pin down some time to chat.

txaggieacct85 said:

---

I have an unrealized gain of 7.5% in cinemark after my cinemark post

---

Sure you do….

AgOutsideAustin said:

---

txaggieacct85 said:

---

I have an unrealized gain of 7.5% in cinemark after my cinemark post

---

Sure you do….

---

actually it's 8.89%.. go look at my other thread on cinemark, dummy

Highly recommend you choose a fee only advisor not paid on commissions.

You should seek a fee only independent RIA (registered investment advisor).

You should search for a CFP designated person.

Consider carefully if you choose to work with someone from a large firm whether that person is a fiduciary and will put you first or themselves first by selling you a product (insurance or otherwise).