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My wife and I have $2.3 million and have been with our adviser for 10 years now. But we're paying $15,500 every year for him to manage it. What gives?

I want to 'stem the shrink.' I'm 66 and my Social Security check is only going to be about $1,000 a month. My only savings is in a 401(k) that is 'currently shrinking weekly.' Should I get professional help?

Question: I’m trying to determine if seeking a financial adviser is warranted for a 66-year-old senior whose only savings is in a 401(k) and currently.

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