When did you engage the help of a fiduciary?
Hi everyone! Short term lurker, first time poster.
At what point did you start working with a financial advisor/fiduciary? What triggered that shift? Or, if you aren't using one, why not?
I haven't yet felt that our situation was large or complex enough to warrant the added help but I also don't know what I don't know. For example, I'm sure I could be thinking differently about the balance of where we're investing our money (tax advantaged vs brokerage, etc).
The stats:
Married - 35F/47M, 1 child 3M
LCOL Area
Net Worth: $870k
Income: Between $400,000 - 600,000/year for the past few years dependent on value of RSUs
We didn't start earning at this level until about 4 years ago which is around the time we bought our house. We're super behind in investing and planning to make significant progress against that in the next year with my upcoming bonuses/RSU vests.
Update: Since this has been mentioned a few times, I don’t count my RSUs as part of the net worth until they are vested. I sell them as soon as I’m able and reinvest them in diversified accounts. The income numbers above include vested RSUs only. Thats why there has been so much variance.