norival1992
New member
Hi. I am very nervous dealing with money, and I try to avoid it. I am a retired widow, 61. I have dual citizenship in U.S. and Canada and most of my money is with one large bank present in both countries. I have both a U.S. and a Canadian investment advisor and they each charge 1.5 percent annual fee or something. I am part owner of a cottage I never use, and pay 3k plus per year for upkeep.
My husband understood money and had it everywhere. I have moved almost all of it into these two investment accounts and I am living off the returns.
Whenever I bring up money issues with the two financial advisors, all they do is suggest their ai tools, or they sometimes recommend finding a tax professional, etc.
I need someone who understands taxation and inheritance to look at the cottage and tell me if I should make a change.
I also had to pay $2000 to have my taxes prepared here for the US. I was paying $600 in the US for this same return, but I wanted one agency to handle my taxes. This is not sustainable. I don’t owe any taxes there. I don’t live or work there. yet have to pay $2000 plus every year to prove it. I need advice.
I am receiving a tiny pension from Canada and I am probably eligible for SS. Maybe now from my late husband, but my own ss when I am 65. I have never worked in Canada.
What is the best way to get practical advice? Someone who can look at the big picture and tell me when I am better off with one decision over another. Would I be better off with a new financial advisor who is not tied to the bank? Would it be possible to find one agency or person who can manage investments both here and US and would be willing to look at my entire portfolio and advise?
Thanks.
My husband understood money and had it everywhere. I have moved almost all of it into these two investment accounts and I am living off the returns.
Whenever I bring up money issues with the two financial advisors, all they do is suggest their ai tools, or they sometimes recommend finding a tax professional, etc.
I need someone who understands taxation and inheritance to look at the cottage and tell me if I should make a change.
I also had to pay $2000 to have my taxes prepared here for the US. I was paying $600 in the US for this same return, but I wanted one agency to handle my taxes. This is not sustainable. I don’t owe any taxes there. I don’t live or work there. yet have to pay $2000 plus every year to prove it. I need advice.
I am receiving a tiny pension from Canada and I am probably eligible for SS. Maybe now from my late husband, but my own ss when I am 65. I have never worked in Canada.
What is the best way to get practical advice? Someone who can look at the big picture and tell me when I am better off with one decision over another. Would I be better off with a new financial advisor who is not tied to the bank? Would it be possible to find one agency or person who can manage investments both here and US and would be willing to look at my entire portfolio and advise?
Thanks.