Originally Posted by
Hedley
Because things change when you reach the high earner tax brackets and the numbers in your accounts get bigger. When your personal and company provided contributions far exceed the max allowable limits, when you are earning $200-300K, and when your accounts have several million dollars in them, investing advice and tax considerations becomes something to seriously consider. Many also consider the expense of paying someone to study and manage the money worth it so that they don’t have to.
my guy also can put together a fund that is much less expensive than if I was to go and pick the same funds on my own and copy his portfolio. Which is not your generic set it and forget it and class a shares. Been down that road at the beginning. Whoops!
I will also second the difference between 50-75k and then making 200-300k presents different problems than just going and buying GME NOK And AMC. It’s not a dig at lower income earners. Just the nature of the beast. Unless you just go out and spend it.