The “SO-You Finances Split” thread got me thinking about my retirement. I’m <40 and I think I’m saving enough for retirement, but I wouldn’t mind some confirmation, and maybe some decent projections around what it would take to retire early (mid 50’s maybe?).
I’ve tried to go through this on my own a little bit, and I always feel like I have no idea what I’m doing (probably because I have no idea what I’m doing). All of the online calculators I find seem too simplistic (for example, not taking into account raises from promotions or switching jobs).
So then I was listening to a podcast (Business Wars) and one of the ads was about financial planning. So I enter my info into this website, and I’ve gotten way too many emails/phone calls from financial planners. I speak to one local person, and they want $1,200 to develop my financial plan.
So I figured I’d come on here and see what you guys think. Are financial advisors worth it? How do you know when you’re on track to retire on time (or early)? Is $1,200 not that much and I should just suck it up and pay the money?