My mom has a wealth manager to maintain her retirement shit. I'm pretty sure her entire financial plan is to just maintain the same income no matter what the market does until she dies. It has worked out rather well for her so far. There are some funds she has that I still don't fully understand but they aren't typical investment style accounts to make money. Almost like an insurance. Either way it's all going to me when she's gone and the wealth manager is being cut out. He gets 1% but no yearly base.
