Has anyone used the "Insight" group for retirement and financial planning? Looking for feedback on the group. The activity seems comprehensive
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I met with Insight just before I got laid off in San Ramon. They are expensive. Like most of these financial planners, they charge 1% of your assets every year. Compared to the other planners I met with, they seemed to be at the high end in terms of competence and ethics. If you are one someone who likes a lot of personal interaction and handholding around your finances, it might be worth it to have them help you. Otherwise, you could have Vanguard do it for 0.3% and save yourself a whole bunch of money over the years.
Insight? Are you referring to those old silly TV advertisements for male enhancement pills? Why do you want to know?
Are you red, blue, green or yellow ?
I know nothing of the the "Insight" group, but I also question the utility of most retirement wealth management and financial advisors, because so many of them wish to manage your wealth for their own benefit rather than for that of their clients. First question I would ask any potential financial advisor is do they strictly follow the "fiduciary standard", putting your interests first above their own (I would want this in writing!). If the answer is no, I would look elsewhere. If I felt the need to have my financial plans reviewed (again) I would rather pay a few grand up front on a pay for service basis. With all the broad based mutual funds out there with low overhead costs I see no reason to have my finances continuously managed by others and pay fees that can be one percent of assets or more (particularly in these times where returns might be only 4-5 percent). There are certain aspects of estate planning that are better done by professionals (setting up trusts and the like), but once set up financial plans really should not change day to day ... sort out a good plan (with help if needed), rebalance from time to time to follow that plan (or get "retirement age" funds that do that for you), and hold the course long term. You will do best by keeping overall investment expenses low, as there is no evidence that having your assets actively managed by others day to day adds value and a lot a evidence this can do harm by fees and investment cunning in ways that siphon off your investment profits.
Financial advisors typically give weak or even bad advice while reaching deep into your pockets for fees. They are to be avoided like the plague unless your finances are really just a wreck and you don't even know how to save.