What Does Fiduciary Mean?
Want an advisor who works for your best interests? Find someone who acts as a fiduciary. Find out what that means and why its important.
Category: Retirement Financial Advisors
Is a Financial Advisor Worth It? 12 Tips to Help You Figure Out if You Need to Pay for Financial Advice
Is a financial advisor worth it? Explore 12 tips to help you assess if you need or should work with an advisor. Read now!
Should You Pay an Advisor to Help Invest Your Savings?
You want your money to grow. Is an advisor worth it? Should you pay fees based on your assets or an hourly fee. Learn what is right for you.
Podcast: Brooke Southall — The Past, Present & Future of Wealth Management
Episode 53 of the NewRetirement podcast is an interview with Brooke Southall — Founder and Principal Reporter of RIABiz.com — and discusses the past, present and future of wealth management. Listen Now: Don’t miss out on future episodes: subscribe on iTunes subscribe on Stitcher And, join our private Facebook Group to discuss this podcast, suggest…
Does Working with a Financial Planner Boost Financial Confidence?
Most people approaching retirement have doubts and worries about financial security. Research suggests that taking steps to organize your finances, project your money forward and create a written plan can greatly alleviate concerns and make you feel more confident about money overall. And, working with a financial planner is one way to boost your financial…
Is a Bond Ladder Strategy Right for Your Retirement?
Bonds can be a core, low-risk component of retirement portfolios. However, they do come with one significant risk factor: If interest rates go up, the bonds you already own will plummet in value. A bond ladder strategy can be a way to reduce that particular risk. What Is a Bond? A bond is a fairly…
Financial Advisor Fees: What Will You Pay to Use a Financial Advisor
Financial advisor fees can be confusing because different kinds of financial advisors have various ways of charging for their services. These are the most common types of fee structures: commissions; flat or hourly fees; assets under management (AUM); and fee-based (a combination of fees and commissions). All of these payment methods are used by legitimate…
Should You Meet With a Financial Planner and What Should You Discuss?
How often have you met with your financial planner? Never? Many people are afraid of contacting a financial planning professional sometimes because they don’t think they have enough to invest or because they are afraid they will be sold products they don’t need. On the other hand, there are so many considerations when planning for…
How to Find a Good Financial Advisor
As you near retirement, you may decide it’s time to have someone help make sure you are set up for a successful future. We could all use financial advice. But how to find a good financial advisor is the more important question. Unfortunately, more than 12% of financial advisors who are registered in the U.S.…
What Do Financial Advisors Do? (And Do I Need One?)
The best financial advisors offer many benefits to their clients. However, many of us think that they only provide advice on investments to extremely wealthy people. Financial advisors can offer you confidence, security and a secure retirement plan.Here are six things that financial advisors do to benefit clients of all levels of wealth. 1. Financial…
Why Do People Use Financial Advisors?
While there are many different reasons people turn to financial advisors during their life, the majority turn to them for one reason: retirement. While most people seek out financial advice for retirement, other big life events also prompt Americans to seek out financial planners, including divorce and the death of a close family member.Here are…
The Downsides of Working With the Wrong Financial Advisor
A lot of people approach retirement by their own wits. This can be a decent way to plan – nobody knows your finances and hopes for your future as well as you do. No matter your financial expertise or lack there of, you at least know what you want. And, the wrong financial advisor –…
8 Resources for Reliable Retirement Information
Can you retire without consulting a financial advisor or some kind of retirement professional? Of course. The question is, do you have good resources for reliable retirement information? More importantly, can you retire AND have a secure future without talking with a retirement professional? The answer to this question might be a little more complicated.…
Podcast: Rick Ferri – What Does the Future of Financial Advice Look Like?
Episode 20 of the NewRetirement podcast is an interview with Rick Ferri — CFA, author, and founder of Core-4 — and discusses Ferri’s perspective on investing and the future of financial advice after being in the industry for three decades. They address the difference between investing strategy and investing philosophy, advisors as legal fiduciaries and…
How Much Should You Worry About a Stock Market Correction? Numbers and Tips for Weathering a Financial Storm
The past month has seen some wild dips in the stock markets. Nothing yet too terribly miserable for most, but enough to make us jittery. Should we be worried about a stock market correction? The easy answer is yes. After all, investing in the stock market is inherently risky and today’s world feels more unpredictable…
9 Powerful Insights from the Retirement Income Summit
Earlier this week I traveled to Chicago to attend the Retirement Income Summit — a financial advisor industry conference focused on the latest ideas about how to improve and secure retirement income. I saw presentations, met up with insiders in the financial services industry and found a few ideas to help you have a better…
DOL Fiduciary Rule: Could Trump Ruin Your Retirement Finances?
Every financial publication has an article about how Trump might be ruining your retirement with his executive order to revise the Department of Labor’s DOL fiduciary rule for financial advisors. However, because you are reading this article, you are probably relatively engaged with your retirement accounts and may have less reason to worry. There are…
When to Start Working With a Financial Planner — If Ever
Can you trust a financial advisor? The benefits of working with a financial planner are widely known and convincingly supported by research. However, too few of us actually turn to professional help when it comes to planning for. A recent study by Northwestern Mutual found that only 20% of Americans have a written financial plan.…
Market Plunge Makes the Case for Retirement Plan Consultants
Sound financial advice can help you play leapfrog instead of stock market dodgeball. Are retirement plan consultants worth the investment? Toss a quarter in the air and it will land on the right answer. Depending on who you ask, of course. The case for hiring one might be found in the recent stock market plunge.…
Working with a Financial Counselor to Plan Your Retirement
Alexis Schroeder is a 22-year-old fitness, finance and travel blogger. She writes about saving money while living a healthy, adventurous life in her 20s. Steve Douglas once said, “Your future is always more valuable than today,the sooner you realize that, the better.” With that in mind, working with a financial counselor to plan your retirement…
What a Financial Advisor Can Do For You and Your Retirement
Whether you’re new to planning or have a few years under your belt, a retirement advisor can help you meet your unique goals. A financial advisor and retirement advisor are the same in many ways. But there’s one significant difference. Where a financial advisor is concerned with your finances and goals generally, a retirement planner…
Types of Financial Advisors: Your Guide to Finding the Best Financial Advice
If you’re like many Americans, you probably have concerns about your retirement plan. But research shows that those who work with a financial planner are often better prepared for retirement and have more confidence in their savings plans. There are many different types of financial advisors. However, taking those first steps toward meeting with a…
Pros and Cons of Obama Administration’s Proposed Retirement Planning Changes
A new proposal by the Obama Administration is taking unprecedented steps toward protecting people who are planning for retirement. President Obama is directing his administration to move forward with a proposed rulemaking that will protect families by imposing a “fiduciary standard” on retirement advisors. The fiduciary standard ensures that advisors put the interest of average…
What is a Certified Financial Planner — CFP: What They Do, How to Choose, Benefits of Using, Differences from Other Financial Advisors, Fees and More…
What is a Certified Financial Planner? It seems like every day Americans are reminded how ill-prepared they are for retirement — especially as numerous reports highlight the country’s lack of savings. If this is you, you might consider working with a certified financial planner (CFP). The benefits of teaming up with a financial planner to…
Are Financial Planners Worth the Money? Do I Need a Financial Advisor?
Don’t let financial planners intimidate you. They’re there to help, and most of them do a great job. The question isn’t really whether financial planners are worth what they earn; it’s more about whether it’s the best choice for you. If you’re on the fence about hiring a planner to handle your wealth, or prospective…