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I am getting on in years, coming within a reasonable distance of retirement at full Social Security pension benefits; albeit I am still healthy and fit as a racehorse.
I also have a State government pension coming.
However, I can see that trying to live on a fixed income is less and less feasible thanks to yearly inflation, something most Seniors are dealing with to their detriment now.
Once upon a time I would have been confident that savings would fill the differential, but that was back when savings accounts paid 7.5% interest. Now they are worthless (0.001 - 0.003% interest rates).
I have a sizeable savings anyway, but by the time I find myself on a fixed income and thanks to my being so healthy (good living habits folks) I doubt they will last that long.
So my question is this, have any Forum members any experience with investment security via finding a successful money manager offering a truly Fiduciary obligation?
By that I mean they don't get paid unless YOUR financial goals are met and maintained first?
I don't want specific recommendations. I am simply asking about general experiences so I can determine the chances of finding an honest investment advisor, and the merits of placing my savings in their care.
I also have a State government pension coming.
However, I can see that trying to live on a fixed income is less and less feasible thanks to yearly inflation, something most Seniors are dealing with to their detriment now.
Once upon a time I would have been confident that savings would fill the differential, but that was back when savings accounts paid 7.5% interest. Now they are worthless (0.001 - 0.003% interest rates).
I have a sizeable savings anyway, but by the time I find myself on a fixed income and thanks to my being so healthy (good living habits folks) I doubt they will last that long.
So my question is this, have any Forum members any experience with investment security via finding a successful money manager offering a truly Fiduciary obligation?
By that I mean they don't get paid unless YOUR financial goals are met and maintained first?
I don't want specific recommendations. I am simply asking about general experiences so I can determine the chances of finding an honest investment advisor, and the merits of placing my savings in their care.
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