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Worth paying for advice for small pot.

Monstercat01
Posts: 2 Newbie

Is it worth paying an independent adviser if you only have a small retirement pot, less than 100k?
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Comments
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Monstercat01 said:Is it worth paying an independent adviser if you only have a small retirement pot, less than 100k?
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.
Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!0 -
Monstercat01 said:Is it worth paying an independent adviser if you only have a small retirement pot, less than 100k?
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 ?0 -
Marcon said:Monstercat01 said:Is it worth paying an independent adviser if you only have a small retirement pot, less than 100k?
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.0
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