Individuals who have no interest in investing better hire a fee-based advisor. Whether or not one is interested in the intricacies of investing, it is important to save for retirement or other goals. Decision number one is whether or not you will manage your own money. Just remember that paying someone else is going to cost a lot of money and place a performance burden on the portfolio. Why do I recommend individuals manage their own portfolios?
It all comes down to fees. If you can read, you can set up a very basic portfolio that has a high probability of outperforming the majority of professional money managers. At least that is the statistical evidence from academic paper after paper. Saving 70 to 100 basis points per year adds up to a nice nest egg over a lifetime so why send that money to someone else. 100 basis points on a $100,000 portfolio is $1,000 per year. Here at ITA Wealth Management you will pick up more ideas for $60 per year (Platinum membership) at a fraction of the cost.