A simple S&P 500 Index fund would've netted better returns: https://www.officialdata.org/us/stocks/s-p-500/2004?amount=40000&endYear=2022 https://www.officialda

A simple S&P 500 Index fund would've netted better returns: https://www.officialdata.org/us/stocks/s-p-500/2004?amount=40000&endYear=2022 https://www.officialdata.org/us/stocks/s-p-500/2004?amount=4... He should be closer to 190K. Most financial advisory firms are more interested in managing their own return (fees!), putting you into high fee "conservative" funds that provide little actual return to the investor. Over a long period of time you should be invested more aggressively. They rely on people being afraid to "manage" their own money. Many people are.