(02-24-2021, 06:32 PM)Jags Wrote:

(02-24-2021, 05:37 PM)KingIngram052787 Wrote: The two of you should be discussing your short term and long term goals, the amount you're comfortable giving him up front and on a recurring basis, and he should be building an investment strategy tailored to those goals and your specific circumstances.

First, I thank you for the advice.  I know my online persona makes me look like a jerk and probably not that smart.  But we’ve already talked about all that and are prepared to bring whats needed  to the appointment.  We also have a number in our heads that he can freely do as he wishes.    He can have quite a bit each month to work with that we honestly don’t need, atm.   I know that value is relative.   But I’m sure even at 39 he’ll be satisfied and pleased he has enough to work with.    and we’d still have our “fun money”. I most certainly WILL NOT be giving him enough to where I can’t buy something all Willy Nilly!  I mean, why bust my [BLEEP] if I can’t? We’re not exactly starting from zero either.   We want land.  That’s short term.  If he can get it to us yesterday, he’s too late, haha.  Long term, obviously the retirement aspect.  We’ve got numbers  for that as well.

My advice to you is, do not hire a financial advisor on a percentage.  Some of them work for 1%, which doesn't sound like a lot, but over a 20 year period, it's something like 20%.  That is crazy.  Hire a financial advisor on a flat fee basis, have him give you a solid long term plan that can be put on autopilot, and then get him out of your life.  These guys can be blood sucking leeches.

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