I’m 62, $1.5M: How Do I Know My Advisor Is Still The Right One?

Firing Your Financial Advisor? 5 Red Flags It May Be Time
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Firing Your Financial Advisor?
5 Red Flags It May Be Time
You're 60+ with $1,000,000 or more in an IRA or 401(k). The question is whether your plan knows that.
Between your last paycheck and your first RMD sits a tax-planning window that won’t stay open forever. Is it built into your plan?
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The Quiet Risk in Staying Loyal to a Financial Plan That No Longer Fits You
You’ve done everything right.
You’re in the top few percent of retirement savers. The question is whether your plan is operating at that level too.
You worked hard, saved aggressively, and followed the advice you were given. But something’s changed, and it’s not just the markets.
It’s you.
Your financial priorities have shifted from growth to protection… from building wealth to preserving it. Yet your plan — your strategy, your asset mix, your tax posture — may still be operating like you’re in your 40s.
Worse, you may not realize how much a mismatch like that may be costing you.
If any of that sounds familiar, you’re asking the right questions — and there’s a quiet, no-stakes way to get them answered.
Here are five red flags that it may be time to do the same.
01
You’re Not 40 Anymore. Your Plan Should Reflect That
What made sense at 40 doesn’t cut it at 65. A plan should recognize the shift from accumulation to preservation — and transition accordingly. If yours still prioritizes growth without addressing risk management, income stability, and tax efficiency, it may no longer fit your current priorities.
02
You’re Doing Their Job.
You’re reading whitepapers, googling Roth conversions, asking ChatGPT about capital gains. If you’re more proactive about optimizing your plan than your advisor is… ask yourself why you’re still paying them.
Quick gut check: on a $1.5 million IRA, the IRS Uniform Lifetime Table puts your first required distribution around $56,000 — whether you need the income or not, and taxed as ordinary income. Has that number ever come up in a planning conversation — or did you just learn it here?
Illustrative example based on a $1.5M traditional IRA and the IRS Uniform Lifetime Table at age 73. Your figures will differ. This is not tax advice.
03
You’re Still Running a 2010s Playbook in a Post-Rate-Hike World
For more than a decade, the economy lived in a world of near-zero interest rates, easy money, and a very different tax environment. That world is gone — and the playbook changed with it. Is your plan still running plays from the old one? That’s not “conservative” investing. That’s yesterday’s plan wearing today’s label.
Five questions every $1M+ retirement deserves answers to
These aren’t trick questions — but the rules behind them have changed twice since 2019, and they’re easy to miss.
Has anyone shown you what your RMDs will look like when they begin — in actual dollars?
Has anyone walked you through the Roth conversion window between retirement and your first RMD?
Do you know which IRMAA bracket your retirement income puts you in — and what one dollar over the line costs?
If your spouse outlives you, do you know what filing single does to their tax bracket on the same income?
Have these come up in your annual reviews — or would they be new conversations?
If you paused on any of these, that’s exactly what a second opinion is for.
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04
It always feels like you’re guessing
If your financial advisor only reaches out once a year, or worse, when you call them first, that’s a problem. At your level of assets, shouldn’t you expect ongoing strategy updates, proactive tax planning, and timely responses when markets move?
A great advisor should be accessible, engaged, and on top of the changes that affect your plan — so you’re never left guessing. If your advisor isn’t regularly reviewing your portfolio, or can’t give you clear answers about your financial future, it might be time to find one who will .
05
You’ve Never Had a Second Opinion.
You’ve spent decades building your wealth, but you’ve never pressure-tested the plan meant to protect it.
Doctors get second opinions. Lawyers bring in co-counsel. Pilots run checklists with copilots.
But your financial advisor? They’ve been the only set of eyes on your plan for years — maybe decades.
Maybe they’re the best.
Or maybe they were just… first.
Loyalty is admirable. But blind loyalty? That can be dangerous.
Don’t you deserve to feel informed and secure about your plan?
If you’ve ever second-guessed a recommendation, wondered if you’re paying too much in taxes, or just felt unsure about your plan, you’re not alone.
Take a few minutes to check in on where you stand. Our no-cost advisor matching service connects you with a fiduciary advisor who can give your current plan a second look.
Based on your answers, we’ll match you with up to three fiduciary advisors who can offer a second opinion — free, and with no obligation.
If there’s a gap in your plan, wouldn’t you rather find it now — before a market swing or tax change finds it for you?
👉 Take the matching quiz now . You’ve earned the peace of mind.
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