If you are searching for the best wealth manager, understanding how they earn their income and what professional designations they have is important, as I explained here and here. Beyond that, though, fit is extremely… Read More
Identifying the Best Financial Planner for You – Designations
In last week’s post about how to find the best financial planner for you, I covered the various business models advisors use to generate income. Beyond knowing how an advisor earns her keep, another critical consideration… Read More
Finding the Best Financial Advisor for You – Advisor Compensation
Our most recent blog posts have covered what you should look for in a financial plan, and whether you need a financial plan. If you have decided you do want to work with a planner,… Read More
Who Needs a Comprehensive Financial Plan
In last week’s blog post, I covered what every financial plan should include regardless of whether you were concerned with retirement planning, planning for an inheritance or some other issue. This week, I want to… Read More
What Does a Personal Financial Plan Include?
If you have considered working with a financial advisor on a personal financial plan, but have held off because you weren’t sure what the plan would include, this post is for you. The confusion around… Read More
A Fee Only Financial Planner’s Resolution – Implementing a Budget
One of the biggest financial changes my wife and I made over the last year was to put a budget in place. It may seem strange that a fee only financial planner wouldn’t have a… Read More
What I Wish A Financial Advisor Had Told Me – Part 2
In last week’s post, I outlined things I could have learned from a good financial advisor had I been working with one early in my career. The list is – sadly for me – on… Read More
What I Wish A Financial Planner Had Told Me
I didn’t begin my career as a financial planner. Although I always had an interest in finance, an early opportunity to work in the music industry and travel the world was too good to pass… Read More
Medicare Changes from a Fee-Only Financial Advisor’s Perspective
Generally, when we put together a financial plan for clients approaching retirement, we will split expenses into three big buckets – ongoing expenses, one-time expenses and medical expenses. The reason we break out medical expenses… Read More
Financial Advisors: An Inheritance Investment Case Study
In last week’s post we outlined issues to consider when it comes to investing an inheritance. This week, we’ll look at a case study for someone receiving an inheritance. We believe financial advisors should keep… Read More