Some investors like to do it alone- but is that the wisest path as retirement approaches? In this episode, Frank answers a listener’s question about whether DIY investing makes sense later in life. Sam has managed his own portfolio without an advisor or broker for years. But now he’s wondering if that approach holds up as the financial landscape gets more complicated.
Frank explores why the DIY route can feel empowering, but can also be risky, especially when it comes to tax efficiency, income planning, and asset protection. He walks through what advisors can bring to the table beyond investment selection, including understanding retirement income needs, managing volatility, and keeping up with industry innovations that many individuals don’t keep on top of.
Here’s what we discuss in this episode:
🛠️ What advisors see that many individuals don’t
🧠 The potential risks of DIY investing in retirement
📊 Why investment selection is just one piece of the puzzle
📉 Examples of portfolio mistakes from overconfidence
0:00 – Intro
0:26 – Listener Question
1:00 – AI & DIY Lack Advisor Experience
2:44 – Advisor’s Address Unique Goals
3:22 – The Benefits Of A Unique Plan
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