Financial Choices Matter

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Your Financial Advisor Must Have These Traits

Trustworthy. Likeable. 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: Likeability

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?"

Top 5 Social Security Misunderstandings

Myths, rumors, and misunderstandings are pervasive in the world of Social Security. On this show, we’ll look to clear up the top 5 misunderstandings about Social Security.

Show Notes:

1:33 - Mailbag Question from Randall: "Places to start investing in for retirement."

5:21 - Top 5 Social Security Misunderstandings

5:42 - Misunderstanding #1: Social Security Is Going Broke

6:43 - Misunderstanding #2: You Should Start Social Security As Early As Possible

7:31 - Misunderstanding #3: You Should Start Social Security As Late As Possible

9:25 - Misunderstanding #4: The SSA Can Help You Choose The Best Strategy When You Go And See Them

11:37 - Misunderstanding #5: You Don't Pay Taxes On Social Security Benefits

14:48 - Do You See People Often Overestimating Their Risk Tolerance?