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Am I Crazy For Paying My Financial Advisor $25k/year?

Am I Crazy For Paying My Financial Advisor $25k/year?

FromReady For Retirement


Am I Crazy For Paying My Financial Advisor $25k/year?

FromReady For Retirement

ratings:
Length:
30 minutes
Released:
Dec 19, 2023
Format:
Podcast episode

Description

When you’re doing well financially, paying advisor fees might seem unnecessary. So do you need an advisor if you’re already in a good place?Having a successful retirement isn’t just about not running out of money; it’s about what more you can do.Through a real-life client story, I explain how having an advisor’s perspective to implement the right strategy can be more valuable than the cost of their fee.Advisors can help you avoid biases in the way you invest and plan. They can ensure you have the right withdrawal strategy and don’t overpay on taxes. When handling finances for yourself, you may worry about what you could be missing. A good financial advisor will give you peace of mind, knowing you have all the right information.It’s important to reframe your thinking: Is the cost of your advisor justified by the value provided? Questions Answered:What’s the opportunity cost of not having an advisor?What value does an advisor provide when you are stable financially?Timestamps:0:00 Financial advisor vs DIY3:37 Does an advisor add value?8:30 Story of lost opportunity12:27 Understand the bigger picture13:41 Being ok vs optimizing17:44 Risk of wrong withdrawal strategy21:13 Risk of overpaying taxes22:20 Continuity costs23:27 The real goal27:31 Appropriately compareCreate Your Custom Strategy ⬇️ Get Started Here.
Released:
Dec 19, 2023
Format:
Podcast episode

Titles in the series (100)

Ready For Retirement is the podcast dedicated to helping you learn the tips and strategies that will help you achieve your retirement goals. When it comes to retirement planning, it can quickly become overwhelming and easy to not take action. I designed this podcast because I want you to have the knowledge and confidence to create your secure retirement. My ultimate goal for all of my clients (and listeners) is to create peace of mind and that starts with having a strategy. I want you to spend more time thinking about what matters most to you in retirement. I post weekly episodes to keep you up-to-date on all the best tips and strategies to create a retirement that excites you. Everything from investing tips, tax planning, withdrawal strategies, insurance planning, Social Security, and that's just the start! Let's help you maximize your return on life. We use your money and the strategies I share in this podcast to do just that!