Financial Advisors Baton Rouge Area

You don’t need a financial advisor. This is the playbook for you, each subsequent step pending there’s still extra money to put into each one:

- Contribute to 401k to the extent your employer matches
- Max out Roth IRA
- Contribute to taxable brokerage account

In each account put funds into low-cost diversified ETFs. Vanguard has many good options, VOO (SP500 index) and VIG (dividend growth) are 2 I personally like.

If you want to minimize your tax bill, you can lean into the 401k. If you want to build some after tax money, potentially for a down payment on a home, then you can lean in to that account. But be sure you’re contributing enough to 401k to get full employer match.

When you’ve accumulated some wealth, you can consider going to an advisor to develop a more robust strategy. The key for you at this point is to remain disciplined about saving. At 24 you are ahead of the game.

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advisor is going to look out for themselves with your money, not you!

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Keep in mind that a fiduciary is legally required to put the client first.

That said, you really need an advisor for tax/estate planning and not so much for picking investment vehicles. You can do the latter yourself.

I like VIVIX better than VIG. Better yield and about the same historical performance.

Not sure why I was downvoted, I wasn’t throwing shade on your recommendation. I was really just asking if ETFs are preferable nowadays… they weren’t available when I opened the accounts.

Whatever you do I just would not go with Iron Horse Financial. The guy that runs it is a complete slimeball and only looks out for himself when it comes down to it. That the only advice I can give, is stay away from that place

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You don’t need a financial advisor. This is the playbook for you, each subsequent step pending there’s still extra money to put into each one: - Contribute to 401k to the extent your employer matches - Max out Roth IRA - Contribute to taxable brokerage account In each account put funds into low-cost diversified ETFs. Vanguard has many good options, VOO (SP500 index) and VIG (dividend growth) are 2 I personally like. If you want to minimize your tax bill, you can lean into the 401k. If you want to build some after tax money, potentially for a down payment on a home, then you can lean in to that account. But be sure you’re contributing enough to 401k to get full employer match. When you’ve accumulated some wealth, you can consider going to an advisor to develop a more robust strategy. The key for you at this point is to remain disciplined about saving. At 24 you are ahead of the game.

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Agree with all of this but I would add to max out a HSA if available to you. I’d put it right after the 401k match in order of operations.

Read "The Simple Path to Wealth" by JL Collins. Very short and simple read. You can be your own financial advisor. You can pay a tax advisor by the hour for tax advice. This will save you lots of $$$$. This is what I wish I had done years ago.

I tried a few financial advisors, including fiduciaries, and wasted a lot of money paying their fees.