Things Your Financial Advisor Might Not Be Doing

Equipping Points:

Sometimes people get advice from financial “professionals” who maybe aren’t the right fit for their needs. Today, we discuss some of the things your advisor might not be talking to you about. If you’re getting value for the fees you’re paying then that’s one thing. But if you’re not getting your needs met by your financial advisor, it might be time to find the right advisor for you.

If you are in the accumulation stage, you need a different advisor than you do in the distribution stage. Eric considers himself a retirement income planner as opposed to a financial advisor since he focuses more on safe retirement income vs. growth only. Once you near retirement, distribution becomes a crucial part of your financial plan. Is your advisor able to provide the strategy you need in that area?

 

Here’s some of what we discuss in this episode:

  • The tax angle needs to be considered.
  • Are they focused on the accumulation or distribution?
  • What are you paying in fees?
  • What’s the strategy for your retirement income?
  • What is the legacy plan?

 

If you have any questions about what we discussed on the show or want to follow up with any financial planning questions of your own, get in touch with us and schedule a visit here. 

 

Today’s Takeaway:

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