Supposedly, auditing was the place to be if you wanted a life, since tax work means 90-hour weeks in March and April. If the idea of charging for financial advice by the hour or by the job catches on, the country’s 292,000 advisors are going to be on the defensive. Lyle Benson, a CPA turned financial advisor, charges hourly rates ($300 to $500) at his Towson, Maryland firm. Or you can have a financial advisor pick stocks for you, at a cost 200 times as great. Before visiting a financial advisor, sketch out your own retirement portfolio on the back of an envelope.

Source: Forbes January 10, 2021 11:26 UTC