Worth paying for advice for small pot.

Monstercat01

Is it worth paying an independent adviser if you only have a small retirement pot, less than 100k?  

Marcon

Monstercat01 said:

Is it worth paying an independent adviser if you only have a small retirement pot, less than 100k?  

Depends what you want them to do. If you're 35 and need advice on investment choices, amount to contribute etc (set against a review of all your other financial matters), then almost certainly yes.

If on the other hand you are in your early 60s, have no other savings and are already paying in as much as you can afford, there may not be much scope for them to add value. 

Albermarle

Monstercat01 said:

Is it worth paying an independent adviser if you only have a small retirement pot, less than 100k?  

There are numerous threads on the forum regarding whether it is worth paying for financial advice on any size of pot.
It usually provokes a level of debate as there is no clearcut answer.

All I would say is that the size of the pot is not really the issue. It is more whether you think you have enough knowledge/interest to manage it yourself. 

At what stage are you at. Many years to retirement, or close ?

Monstercat01

Marcon said:

Monstercat01 said:

Is it worth paying an independent adviser if you only have a small retirement pot, less than 100k?  

Depends what you want them to do. If you're 35 and need advice on investment choices, amount to contribute etc (set against a review of all your other financial matters), then almost certainly yes.

If on the other hand you are in your early 60s, have no other savings and are already paying in as much as you can afford, there may not be much scope for them to add value. 

Thanks Marcon