Retirement is a time to relax and enjoy the fruits of your labor. But how do you know if you’re being too cheap and missing out on all the fun? It’s time to explore the four signs that you might be being a little too frugal in your golden years, and how to strike a […]
Ever wondered how much your financial advisor is really pocketing from your retirement nest egg? Are you suspicious of those fees they’re charging? Let’s dive deep into the murky waters of financial advisor compensation and uncover the secrets they might not be sharing. We’ll expose the three most common fee structures advisors use and question […]
Retirement should be a time of relaxation and enjoyment, not financial stress or regret. Unfortunately, many retirees find themselves facing challenges they didn’t anticipate due to common mistakes in planning. Mistake #1: Playing too much offense in retirement People tend to invest more aggressively in their 20s, 30s, and even 40s because they have a […]
All our working lives, we dream of what we’ll do with the money we’ve saved and the newfound free time we’ve earned. Yet, upon reaching retirement, those dreams are sometimes replaced by something different: guilt. What gives? Retirement Account Guilt Happens to Almost Every Retiree Year after year, studies ask retirees about their greatest worry […]
Recently, a publication targeted toward financial advisors published an article wondering if advisor fees based on assets under management (AUM) would soon be extinct. In just two sentences, this quote halfway through the article sums up precisely why the AUM model has survived for this long: “It’s so popular because it’s easy, and advisors don’t […]
As it turns out, “What Have You Done for Me Lately?” isn’t just a great song by Janet Jackson. It’s also a great question for your financial advisor; one that could provide important insights into the value you’re receiving (or not receiving for your annual fee). Now that you have the song stuck in your […]
“Set it and forget it,” is the financial industry’s refrain for retirement success; as in, invest in mutual funds, don’t touch the money, and let the magic of compound interest carry you to the retirement of your dreams. There’s just one problem: what if what you’re “forgetting” is how much those mutual funds could cost […]
Maybe You Shouldn’t Hang Out with Eddie In this adaptation from Golden Reserve Founder Greg Aler’s new book, Fire Your Financial Advisor, we examine the villainous role Edward Jones has played in creating a retail financial advisor industry that pushes the limits of greed. When you were in school, your parents probably told you not to […]
“Making investment decisions is simple!” said no one ever. But what if there was a way to see such decisions with unbiased clarity? Behold, The Overnight Test. In a recent blog post, Carl Richards, the creator of The New York Times’ Sketch Guy column, asked readers to ponder: “What would you do if you purchased […]
How much should you watch or act on information and predictions that you see on financial TV? Mom always told us, “consider the source.” How much should you believe on financial TV? Social Security has moved up the date when they will cut back benefits. Will it affect you? 70% of people will need some […]
