He raised a very good point - maybe we want to put the investment planning on hold until we have relocated to IL.
His points were:
- We have numerous life changes about to occur
- Many expenses - not all predictable
- A more expensive house would eat into our cash - especially if we chose to make a larger down payment (he favors large downpayments to obtain cheaper interest rates - I prefer the minimum until the difference in rates is tangible)
- Once we moved, he could do a more thorough advisory role by performing financial planning as well as investment plan - repositions us from the cart before the horse situation.
- Although not optimal, most of our retirement investments are in lifecycle funds, there is a level of simplicity and elegance that should tide us over until June of next year.
- I don't spend money until we complete the planning
- We lose about 7 months of better investment management
- I have to re-balance my out of retirement investments (and probably change them) - this actually would be a fun thing to try doing. Unfortunately it would be difficult to take an entire portfolio view due to the lack of transparency with the lifecycle funds.
- We can do proper financial planning once we are settled.
What would you do?