Sound Investing 11 Q&A- Finding an advisor, educating kids, robo-advising, changing asset allocation and more
In the process of looking for a document I came across a group of questions that had been hidden away in my saved documents.
The good news is the list included some great questions. The bad news is I'm not sure which presentation generated the questions.
1. What are the best investments to make and what milestones should an investor reach?
2. Do you recommend a solo 401k or SEP IRA for a single employee LLC that will never have employees? Recommended reading from Truth-Teller Jim Dahle- https://www.whitecoatinvestor.com/sep-ira-vs-solo-401k/
3. How much more do you think Avantis Small Cap Value (AVUV), which has higher fees, will make than Fidelity Small Cap Value Index (FISVX)?
4. I have $1.5 million in cash and a total portfolio value of $5.8 million. My asset allocation is 43% equities and 57% bonds. I have Social Security and other income of $90,000. Should I change my balance to 60% equities and 40% bonds?
5. If you only need a 2% withdrawal rate, what would be the right asset allocation for a someone really investing for my survivors? How about 90% equities and 10% bonds?
6. Is there a time or value of investments that someone should get a trusted advisor? If so, how do you find them? Several sources mentioned: https://www.garrettplanningnetwork.com/about/contact/ and https://adviceonlynetwork.com/
7. What changes can a 50-something make to boost their 401k returns?
8. What are your thoughts on robo advisors/investing?
9. What is your advice for a parent who wants to persuade their adult children to educate themselves about investing? After you listen to the answer please send me an email to paul@paulmerriman.com about what steps you would take? Please include your phone number.
10. Will the program be recorded? Of course I don’t know as I don’t know where the list came from. If you know, please let me know.
11. What should I do with penny stocks that are down 89 to 90 percent?