I have $600,000 invested, but my financial adviser has only made one trade this year and left $7,500 in cash in my Roth IRA. Is it time to get rid of him?

Charles Sachs, Chief Investment Officer at Kaufman Rossin Wealth, has provided his insights to MarketWatch, for the article, “I have $600,000 invested, but my financial adviser has only made one trade this year and left $7,500 in cash in my Roth IRA. Is it time to get rid of him?”. The article details important points that should be considered when having a financial advisor, with a quote from Charles outlining RMDs, and how they are not required for Roth’s.

Article Excerpt: 

“If you have other sufficient emergency assets, these funds should be invested. That said, holding it as cash has probably saved you some money this year,” says certified financial planner Danna Jacobs of Legacy Care Wealth. And certified financial planner Charles Sachs points out that, “Since RMDs are not required for Roth’s, I would think that account would be invested to hold the highest expected return asset within your portfolio.”

Read the full article on MarketWatch.