Is a money manager worth it?

Several fee-only financial planners urge a couple to hire them for wealth management, in which they would manage the money and get a percentage of the assets. But is the benefit worth the cost?

Dear Liz: My husband and I are nearing 60. The company where we both have worked for over 30 years recently merged with another firm. The money in our retirement accounts, which totals several hundred thousand dollars, will be distributed to us, and we need to figure out how to manage it.

Source: http://feeds.latimes.com/~r/latimes/business/~3/MdM5cno-_AA/la-fi-montalk-20120401,0,4248123.column

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