Along the theme of simplicity & sustainability, my question is - how many professional, financial advisors should I hire given my need to address the below:
1) Without sage advice, a single mistake can cost more than years of professional fees, BTDT.
2) Most advisors offer only a partial solution, for example Vanguard Advisor Svcs only advises on investments held at VG and won't advise on outside investments or tax matters.
3) Tax accountants are mostly focused on filing the current returns based on the current data and not on future years tax strategy for saving money.
4) Aging, financial need and taxation requirements are predictable, even investing can be predictable in terms of worst-case or avg-case returns
5) Most people have some unique combination of assets and circumstances but all of these are addressed by 4)
6) Optimization of these four subjects is too complex for a layman such as myself: aging, financial need, taxation, investing
Its probably naive but I wish there existed a reliable source (software or human) that could take in my personal information and produce a strategic, optimized plan that reflects:
- applicable tax laws
- common, simple investment strategy (3 fund , 60/40 etc)
- avoiding costly financial mistakes
Im dreaming , right ?