Choosing A Financial Advisor Choosing A Financial Advisor Tips and Advice Wednesday, March 11, 2020 0 It is important to be meticulous when choosing a financial advisor. Here are seven guidelines and tips to consider including pay structure, title, and licensing of the person you hire as your... Read more
The Job Hunt For Older Workers The Job Hunt For Older Workers Experience Counts Wednesday, February 26, 2020 0 Older workers who lose their jobs often find it tougher than their younger cohorts to get back into comparable jobs. They often find themselves long term unemployed or stitching together multiple... Read more
Are There More Grey Divorces? Are There More Grey Divorces? Facts, Figures and Reasons Wednesday, February 26, 2020 0 As our population is aging, the Gray Divorce is on the rise. Having a 'midlife crisis' is a 'thing' that we often hear about, but what exactly is a midlife crisis, and does it even exist? Read more
Senior Personal Injury Issues - Part 2 Senior Personal Injury Issues - Part 2 With Ven Johnson Wednesday, February 26, 2020 0 Henry Gornbein and Ven Johnson continue their discussion on personal injury issues. Ven discusses nursing home issues vs. hospital issues and how they relate to medical malpractice. Ven then talks... Read more
Laurie Blume / Wednesday, March 11, 2020 / Categories: Financial, Advance Planning Choosing A Financial Advisor Tips and Advice What are seven key issues to consider when choosing a financial advisor? Do not hire the first financial advisor you meet. Interview at least a few advisors before picking the best one for you. Choose an advisor whose specialty will meet your needs. For those of us who are gracefully greying it is important to find someone who specializes in retirement planning. Pick an advisor whose strategy is compatible with your needs. How conservative should you be? Do you want to go into stocks, bonds, index funds, a blend? These are all important issues to discuss with a prospective advisor. Always check references. Ask about credentials. What tests has the financial advisor passed. What are his or her certifications? Be careful of branding. Just because an advisor is with a major investment house, does not necessarily mean that he or she will meet your needs. Understand how the advisor is paid. Is it a flat rate, a percentage of your assets under management? Will it be based upon commissions by mutual funds? This can be a serious conflict of interest. Be wary of churning an account to generate fees. These are just some basic points. They are important especially when it is dealing with your future and financial health. How to Choose a Financial Planner is an interesting article published by the WSJ that is worth the read. Print 20858 Tags: Financial Financial Planning More links How to Choose a Financial Advisor - NerdWallet How to Choose a Financial Planner - The Wall Street Journal How to Choose a Financial Advisor - U.S. News How to Choose a Financial Planner - AARP How to Choose a Financial Adviser - Kiplinger Related articles Key Financial Tips - Don’t Panic! A Tale of Two Losses: Your Memory & Your Money Can't Pay Your Taxes? The Perils of Caregiving: Protecting Finances Daily Money Management Reverse Mortgages for Seniors The Cost of Long-Term Care Saving for the 3 Stages of Retirement Seniors and Reverse Mortgages Don't Panic!