Quote:
Originally Posted by GregWeld
I would FIRE your "financial advisor" instantly and never give him another chance. He doesn't know what he's talking about and obviously missed the most basic education. He either doesn't understand -- or doesn't know how to explain your situation.
I will tell you from my own personal situation -- and I have a quite complicated tax filing. 2013's income tax form was 154 pages.... and our income was just under one million dollars this year.... and my tax rate was 20%. I DO NOT have a lot of deductions - but I have ZERO EARNED INCOME... so all our taxes are dividends - interest - long or short term capital gains.
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Greg, thanks for your candor and clarity. Amy and I had an epiphany after reading your response and realizing he really did not know what we were talking about and I found myself educating him. We laughed, in a pissed off kind of way, at the idea that not only are we paying him for advice but now I'm paying him for me to give him advice. WTF???
I can't wait for the day of ZERO EARNED INCOME!
