What would you with $20K?

[Dan Mezick]

East,

Mutual funds managers dont dispense personal financial advice, they just do a job managing a portfolio in accordance with the mutual fund's stated profile and objectives.

CFPs provide a more personal service that includes a considerable amount of advice about handling net worth through all stages of life. This advice includes aspects of estate planning, handling windfalls and inheritance, financial effects of life milestones (death of parents or spouse, marriage, divorce etc).

CFPs are not typically qualified to be mutual fund managers and vice-versa.

In using the term "expert advisors" I intended to connote "personal team of expert advisors" including members with expertise in accounting, legal, and financial planning.

No one here is throwing dimes on the idea of indexing.