Financial Choices Matter

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Your Financial Advisor Must Have These Traits

Trustworthy. Likable. Problem-solving. Good listener. We should be describing your financial advisor or a potential advisor if you’re in the process of finding one. On today’s show, we’ll talk about why it’s so important for your advisor to embrace these kinds of characteristics. That’s the easy part. But we’ll also tackle the harder part and discuss some tangible ways how you can determine if an advisor has these characteristics or not.

Show Notes:

1:38 - Headline: Rand Paul Bill

6:45 - Traits A Financial Advisor Must Have

7:12 - Trait #1: Trust

8:56 - Trait #2: Likability

10:03 - Trait #3: Area Of Expertise

11:17 - Trait #4: Listening Ability

13:00 - Trait #5: Problem Solver

14:58 - Mailbag Question from Norm: "How much risk to take now that I'm in retirement?"

Busting The Biggest Financial Myths

Today’s episode is simple. We’ll look at some of the most widely believed financial myths and try to bust them wide open. The scary thing is that a lot of people base their financial plans on some of these myths.

Show Notes:

2:17 Helping clients understand how their financial jigsaw puzzle fits together

5:58 Myth 1: Shifting from stocks to bonds removes the volatility from your portfolio

7:32 Myth 2: Once you've retired, life insurance is no longer necessary

9:12 Myth 3: You will need less income when you retire than you do when you're working

10: 26 Myth 4: You will probably be in a lower tax bracket when you retire

11:43 Myth 5: Financial planning is much easier to do without professional help because of all of the technology that is now available

13:40 Email Question: Investing in oil wells

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