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Neema

(1,152 posts) Mon Nov 11, 2024, 12:58 PM Nov 11

Any advice on finding a financial advisor or planner who isn't MAGA?

This discussion thread was locked as off-topic by Omaha Steve (a host of the The DU Lounge forum).

I don't have children, I work for myself. Now that Medicare, Social Security, and the ACA are not looking like options that will be available to me in the future, I want to protect my small retirement nest egg as much as I can. I don't know where to start, because everyone I've talked to in the past were total finance bros. Any thoughts?

5 replies

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Highlight:

Any advice on finding a financial advisor or planner who isn't MAGA? (Original Post) Neema Nov 11 OP

Try Ameriprise. My advisor is Charlene Thibeault. She has been great. OLDMDDEM Nov 11 #1

While not a perfect overlap TommyT139 Nov 11 #2

I hear what you're saying bucolic_frolic Nov 11 #3

I'm still of the opinion with roughly 70 million in SS and Medicare, and 20 Million covered by ACA, with a lot of GOPers Silent Type Nov 11 #4

AFTER a review by forum hosts LOCKING Omaha Steve Nov 11 #5

OLDMDDEM

(2,098 posts)

1. Try Ameriprise. My advisor is Charlene Thibeault. She has been great.

Reply to Neema (Original post)

Mon Nov 11, 2024, 01:08 PM

Nov 11

TommyT139

(697 posts)

2. While not a perfect overlap

Reply to Neema (Original post)

Mon Nov 11, 2024, 01:09 PM

Nov 11

While not a perfect overlap, finding a financial advisor to/from the LGBTQ communities should get you a corresponding political viewpoint. Queer folks have a long had unique financial and legal needs, so there has been a network established already.

Do a search for your state or city, and phrases like "LGBT business directory," LGB T financial services, etc. Most orgs like that won't have a "Q" added (yet?).

This is the grandparent of those listings, and might turn up something useful.
https://thepinkpagesdirectory.com/

bucolic_frolic

(46,970 posts)

3. I hear what you're saying

Reply to Neema (Original post)

Mon Nov 11, 2024, 01:15 PM

Nov 11

Money kind of goes with that industry, even in small town independents (if there are any remaining). Some may appear to be small town but are really franchisees of a major brokerage company elsewhere. Big mutual fund companies, same. Banks, same. Moreover, even independent 'wealth management' companies in local towns are really CPA-run, or use one of a handful of software products for which they, and you, pay dearly.

There are online options that can provide a recommendation based on age, assets, risk tolerance. But so do the major mutual fund companies that have 'retirement' horizon portfolios based on age, years to retirement, risk tolerance. Some of the mutual fund companies provide advice, for a fee, or for free.

Markets go up and down. 2010 was the year to invest, so was 2020 mid-year. When markets are at all time highs one enters slowly, in diverse sectors, in case a correction ensues. Indexing is the industry solution, but market highs again are best avoided. I did read recently that if you hold most mutual funds for 5 years, you'll probably be ok. Because funds and the market and the economy rebound.

Silent Type

(6,652 posts)

4. I'm still of the opinion with roughly 70 million in SS and Medicare, and 20 Million covered by ACA, with a lot of GOPers

Reply to Neema (Original post)

Mon Nov 11, 2024, 01:43 PM

Nov 11

receiving benefits, that it will be tough to significantly cut either. I'm sure some Republicans will try, but don't expect it to get far.

Maybe we should have listened to Obama, rather than bashing him for the so-called "Catfood Commission."

Omaha Steve

(103,442 posts)

5. AFTER a review by forum hosts LOCKING

Reply to Neema (Original post)

Mon Nov 11, 2024, 09:49 PM

Nov 11

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