Mar 18, 2010

Financial planning


I guess "it takes money to make money" is true, or you need to be willing to lose some of what you've got big-time... Having done our 2009 taxes we're now filling out forms before talking to a financial/retirement planner tomorrow. After the big stock bust last year (or Dec. 2008 anyway) we lost total faith in the stock market and plopped everything in "high interest" bank accounts. Seems the best we can do is maybe 2% and so now we're lookin' to "bite the bullet" and investigate investment options. While we don't expect big gains, it would be nice to look at semi-retirement (for both of us) when Xandie finishes her first 4 years of college. We've talked to "portfolio managers" and they take a very big chunk out of your gains and so now we're looking into "fee-only planners". Don't have any answers at this point, but I sure hope we can protect what we have and at the minimum keep up with inflation...sigh!

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