June 2009 Weddings
Dear Community,

Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.

If you have questions about this, please email [email protected]

Thank you.

Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.

Financial advisors

DH and I met with a financial advisor this evening. I've tried to wrap my head around the best strategies for investment and long-term savings, and I just don't know what to do. I've been a frequent and regular lurker on the Money Matters board for three years now, so SOME of it has trickled in, but not enough. 

So, have any of you worked with one before? Any idea on what to expect? We have a "homework assignment" to fill out a booklet on our total financial picture and meet again in two weeks.  

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Lucy Elizabeth 10.27.12

Re: Financial advisors

  • One of my good friends is our financial advisor.  She works for Wells Fargo (used to be Wachovia) and they had this Envision process.  It was a step by step program on the computer that she walked through, asking us questions about our retirement goals (i.e. we want a beach house, a sailboat, to travel, etc) and we had to put in assumptions about home ownership, kids, college tuition, pay raises, etc. 

    At any time we can update the assumptions we made to more accurately represent what happened in life.  The program then figures out what you'll need as monthly income in retirement and tells us what we need to contribute to get there assuming normal returns on investment.  It tells us whether we are on track and the percentage chance we have of making our goals at any given time. 

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