Ep 49: Are You Working With The Right Financial Advisor?

Today’s Prep:

Are you looking for an advisor and wonder what to ask? Or are you already working with a financial advisor but aren’t sure if it’s the right fit? Just what should a financial advisor be helping you with most?

(Click the featured times below to jump forward in the episode)

Equipping Points:

The financial decisions you make are an important part of achieving your goals and preparing for retirement. How do you know if your financial advisor is the right fit to help you succeed?

If you are working with an advisor, it’s important to know what to expect out of them. You’ll want someone who works with you to create a written retirement plan, a tax minimalization plan in retirement, and an estate plan.

What should you watch out for with an advisor? Sometimes you may have the wrong advisor, but how can you tell? Are there different kinds of advisors for different kinds of needs?

There are instances when it is time to make a switch or in other cases you might already be with the right advisor for you. Before making a leap, try to re-engage with your advisor to revise your plan and see if that better meets your needs.

If you are considering switching to a new advisor, ask the right questions to make sure they are a good fit for you. Are they a fiduciary? What are the fees? What strategies will they implement, especially in a downturn?

Finding the right advisor is crucial in creating a retirement plan that works for you. Listen to the full episode to hear from David about how to select an advisor or click on the timestamps below to find out the answers to these questions.

[0:47] – What kind of service should you get with a financial advisor?

[1:28] – Are there any warning signs to look for a new advisor?

[2:12] – Is it possible to outgrow your advisor?

[3:25] – What can go bad if you stay with the wrong advisor?

[4:20] – How do you know if a potential advisor is a good fit for you?

Today’s Takeaway:

Additional Resources:

PODCAST: The 7-Step Retirement Plan You Can Build Yourself, Part 2

PODCAST: The 7-Step Retirement Plan You Can Build Yourself -Part 1



More From David:

The host: David Dickens

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