Jul 26, 2019
Whether you’re looking for your first financial advisor or considering your options, there are some easy red flags to look. We discuss three today that can help you feel confident in your advisor. Plus, we run through some problem-solving scenarios and bust out the financial dictionary for an acronym you might not be familiar with.
Read more about the topic and see the show notes here.
Here’s a full list of the main topics on this episode of The Money Wisdom podcast (Just click on the timestamp to jump to the specific clip):
0:49 – Getting to Know Joel: What’s your favorite fast food?
2:00 – Netflix stock has produced incredible returns, but how should we approach investing in this industry moving forward?
4:23 – How we position you to generate enough income to outpace inflation and survive a recession.
5:16 – Some red flags to pay attention to when looking for a new financial advisor.
7:10 – How do you know when an advisor is using a one size fits all approach on you?
8:21 – Beware of an advisor that recommends products without learning much about your needs.
10:19 – Your financial advisor doesn’t communicate with you very often.
12:22 – Here’s the bottomline to all of these red flags.
15:25 – Quote of the Week deals with buying and selling stocks.
16:52 – Financial Dictionary: What does JTWROS mean?
18:16 – Problem solving scenario #1: Guiding someone through a forced retirement.
20:20 – Problem solving scenario #2: Someone that no longer enjoys their job and wants to get to retirement quicker.
21:22 – Problem solving scenario #3: A real example of a tax-related issue that Joel and his team had to help navigate.