This spread accounts for the increased risk associated with a mortgage vs. a bond. So a 10-yr bond yield of 4.00% plus the 170 basis points would put mortgage rates around 5.70%. Of course, this spread can and will vary over time, and is really just a quick way to ballpark mortgage interest rates.
If you bring an advisor, say, $100,000 of your savings and the advisor charges a 1.0% fee, you'll pay the advisor $1,000 a year. According to Forbes, these fees run from 0.75% to 1.5% of your account annually, though 2% is not uncommon.
The first step is to figure out how much you're spending now. Start by creating a budget to track your expenses. A much-touted rule of thumb says you'll need 70 to 80 percent of your preretirement income after you finish working. But some financial planners are now suggesting that might not be enough.