Posts Tagged With ‘ retirement ’

What if I told you the world of providing financial advice has greatly evolved in the last decade? Do you know how it has changed and if you’re still taking an “old-school” approach to planning your finances? It used to be that financial planning was an “add-on” service for wealthier clients with enough assets to be professionally managed. The emphasis was on the return of the assets and not much else. Meanwhile, the average person, especially one starting out in a career, had little to no opportunity to receive any planning advice. However, some of today’s financial advisors haven... Continue Reading

Over 90% of financial advisors in the US are not legally bound to act in your best interest. That’s because they’re just sales people, who are paid commissions to recommend things like annuities, insurance, etc. How are you supposed to know if what they’re telling you is truly thoughtful advice, or just a sales pitch? Investor advocate and Wealthramp founder Pam Krueger joins Maggie Rodriguez, host of Daytime Tampa and local Wealthramp network advisor, David Frisch, CPA, PFS, CFP® of Frisch Financial. Together, they break down what it means to be a fee-only, fiduciary advisor,... Continue Reading

As a fan of the FIRE (financial independence retire early) movement, I thought I’d try a side hustle, one of the FIRE recommendations. Since I have pinecones that fall on my driveway all year around, I decided to collect them and sell them on craigslist. I have two kinds of pinecones; those from European pine and Douglas fir trees. I collected about a dozen boxes of pinecones, checked out what people were selling them for, and advertised them on craigslist. One woman came before Christmas and bought a small box. She was very happy to get them, saying the pinecones at hobby stores were extremely... Continue Reading

Sarah is a highly respected  therapist, author, and speaker, with over 30 years’ experience nearing retirement age. She’s also a hands-on investor who knows what she wants. Sarah was searching for a highly qualified fiduciary advisor with the right expertise for her situation, and who would be responsive to her needs. Sarah found her way to Wealthramp by filling out a simple survey she found on Instagram. She didn’t really expect to find a needle-in-a-haystack advisor this way, but took a chance.  Sarah had already met several advisors that weren’t the right fit. Like many people, she... Continue Reading

Starting an e-commerce website is an exciting opportunity to pursue your passions and create a profitable income stream in retirement. Retirement is a time when you finally have the opportunity to do the things you love and explore new avenues. Whether it’s traveling, spending time with loved ones, or finally starting that business you’ve always […] Originally Published on BoomerBuyerGuides.com Continue Reading

Welcome to the world of retirement, where the days are long, the nights are quiet, and the possibilities are endless! If you’ve been dreaming of the day you can finally explore your passions without the constraints of a 9-to-5 job, congratulations, you’ve arrived! This article is your go-to guide for rediscovering your passions and embracing […] Originally Published on BoomerBuyerGuides.com Continue Reading

There are a lot of financial advisors out there, so how can you tell that your financial advisor is really working in your best interest? They may say they put your financial interests first, and they may even believe that they are. However, unless they are a Registered Investment Advisor (RIA) legally held to a fiduciary duty to act in the best interest of their clients, their loyalty may be to the firm they work for, not you. Financial advice is an industry, not a profession. While no one can just call themselves a doctor or a lawyer, the guidelines for who can call themselves a “financial... Continue Reading

Here’s something you should know about Medicare Advantage plans: the vast majority of these insurance policies require prior approval before a person can receive some medical treatments and services. Historically, that was not the case, and prior authorizations are still very unusual for people who are enrolled in original Medicare and a Medigap supplement. But in the case of Medicare Advantage plans, physicians submitted more than 35 million requests for prior authorization to insurers in 2021, and more than 2 million of them – or about 6 percent – were fully or partially denied, according... Continue Reading

The Secure Act 2.0 impacts saving and investing for just about everyone, and especially those about to retire. Are you ready to take full advantage of all the new retirement laws? Many people are relying on their financial advisor to understand and take advantage of all the new rules.  Investor advocate and Wealthramp founder Pam Krueger, joined by Wealthramp network advisor, Bob Carroll, CPA, CFP®, CDFA™, went on the air in Cleveland to give viewers a sneak peek into Secure Act 2.0, and explain why it pays to work with a fee-only fiduciary advisor now more than ever. If you’re thinking... Continue Reading

Setting Yourself Up Right: Choosing your financial advisor can be easy once you know what you’re looking for. These five steps will help you find the smart fit for you. 1. Get clear on what your financial advisor will deliver. There’s a difference between a broker and an independent financial advisor. Brokers or insurance agents sell products. They’re paid commissions for financial products they may recommend to you. Independent financial advisors work directly for you. They provide advice gained from experience and focus within the industry. A relationship with a financial advisor may result... Continue Reading