Jul 13, 2018
Learn about requests people often make of their financial
advisor or portfolio when they don’t really understand investing.
Also discover what proper expectations are and how to get the help
that you may need.
Main Questions Asked:
What don’t I know or understand?
How can my financial relationships be profitable on both
How can I be more involved in the creation of my financial
Key Lessons Learned:
What Makes Requests Unreasonable and Proper
- Bigger returns with little to no risk. If someone says this,
they really don’t understand investments. The problem is they don’t
know what they don’t know. One of the biggest dangers is not
knowing what you don’t know. Bigger returns mean taking more
- Can you reduce your fees for me? If you want to work with the
best, there are going to be fees. If you want to save money, you
won’t get the best service. It’s important to get value.
Relationships need to be profitable on both ends of the
- Can you just do it for me? If you’re going to have a customized
plan, you need to participate. It’s not just about numbers, it’s
about your goals and your future. A planner is there to help you
make the right decision, but they can’t decide everything for
What Can You Expect from a Good Financial
- Reviewing your tax return. Certified financial planners know
how to look at a tax return and see where you are being inefficient
with your planning. Don’t miss the money-saving advantage of paying
- Evaluating the fees and costs of your investments. Even if you
think there are no fees, there is some type of time commitment on
the money. There are all kinds of fees in mutual funds even hidden
ones. Understand fees and costs. Cheapest is not always the
- Reviewing family goals and legacy plans. These are the tough
conversations like special needs. A comprehensive financial advisor
should be talking about all of the things that could come up.
- Is your advisor discussing and planning your retirement income?
Retirement is all about income. There is a point where these
investments need to be turned into income.
Links To Resources Mentioned
Money Map Retirement Review
Thank you for listening!