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:
Related Episodes:
Subscribe To The Podcast:
Apple Podcasts - Google Podcasts - Spotify - Stitcher - iHeartRadio - TuneIn
Check out some other recent episodes
Wizard of Oz Lessons for Retirement Planning
Your retirement journey has more in common with The Wizard of Oz than you might think. In
Read More
Money Mistakes You Only Make Once
Eric explores common money mistakes people often make when planning for retirement, and scenarios that could cost you in the long run. The discussion also covers critical considerations around long-term care and how to avoid financial setbacks. Tune in to learn what you can do now to steer clear of these all-too-common errors and set yourself up for a worry-free retirement.
Read More
The Friendly Skies of Retirement Planning
What do flight plans and retirement strategies have in common? In today’s episode, Eric draws an analogy between pilot-ing a plane and navigating retirement.
Read More
Tough Conversations: Facing Life’s Hardest Financial Moments
It’s time to get comfortable with the uncomfortable.
Read More
Financial Lessons from Aesop’s Fables
Think fairy tales are just for kids? Think again. The secrets to lasting wealth may be hiding in stories you heard at bedtime.
Read More
Periodic Reviews: Tailoring Financial Advice to your Personality
Ever wondered if your financial review truly reflects who you are and what matters most to you?
Read More
Bad Investor Habits to Break Now
Today, Eric breaks down the habits that can turn good intentions into bad investing outcomes.
Read More
Your First Year of Retirement: Don’t Screw It Up
Today, Eric shares the do’s and don’ts of entering retirement and explains why the first year is one of the most critical times in your financial life.
Read More
Debunking Retirement Myths: Smarter Strategies for Your Future
Eric breaks down some of the most common misconceptions about retirement planning and reveals what it really takes to build lasting financial confidence.
Read More
Mailbag: Life Insurance, Housing Decisions & Handling Extra Income
When it comes to retirement, every financial decision counts- but some are more complicated than others. In this episode, Eric tackles listener questions about three real-life retirement scenarios.
Read More