Anxiety about these kind of financial decisions is very normal. But on one hand you are saying that you “need so much direction” and on the other hand you don’t like the suggestions you were given by the PAS advisors.MillaBurg wrote: ↑Mon Feb 26, 2018 10:17 amNo, actually, I think it's more like a robo advisor, with a personal touch. That's why they charge extra. I had 3 advisors tell me, that I needed to have the 40/60 and I could not lower International. I remember writing to one I was trying to work with at the time, and he emailed me this stock generic email, that didn't even address my concerns. That's when I started having my doubts.dbr wrote: ↑Mon Feb 26, 2018 9:39 am I still would like to know why VPAS would be so adamant about the asset allocation and whether or not they really do not open the door to alternatives to investing such as the SPIA. I had the idea they set the asset allocation in accord with a risk questionnaire and that the result would have to be somewhat flexible. The withdrawal requirement is modest enough that there is no reason on that account for needing to be 40/60 rather than 30/70.
I've thought about the SPIA believe me, in addition to a portfolio but I need so much direction. I guess I could do a 35/65 myself, distribute into my checking every month, or go to PAS.
To be blunt, it seems that PAS or any other advisor would be a mistake for you. You’d pay the fee but then end up withdrawing your assets as soon as you were unhappy with the results.
Remember that even if the advisor gives you someone to blame if things go sour, you are still the one who has to live with the consequences. So take the responsibility on yourself, go with your 30/70 plan, and live within the constraints of the results.
[In a taxable account, qualified dividends (from stocks) are taxed at a lower rate than interest (from bonds). The only thing that matters is the type of income being taxed, not whether it comes from an account that you manage or one that PAS does.]
If you have $10,000 or so of credit card debt on fairly low expenses, you can relieve some of your anxiety by doing a detailed budget and cutting back (not to mention paying off the debt).