I'm going to answer a question about what financial advisory firms actually do for their fee,

using my firm as an example, and this is the 154th episode of the Retirement Planning Education Podcast.

Welcome to the Retirement Planning Education Podcast, where you can learn all about IRAs and Roth IRAs,

employer retirement plans, taxes, social security, Medicare, portfolio withdrawal strategies, annuities, estate planning, and much more.

And now here's your host, Andy Panko.

Hello, everybody. Welcome back. Thank you, as always, for listening.

We have another exciting episode of the Retirement Planning Education podcast today. Today's a little different. Well, I guess it's not different. So it is a deep

dive topic and I received a question for a Q&A episode. And I thought it was a great question

and decided to make it into a whole episode because I'm sure many of you listening

do now or may at some point have a

similar question and I'll detail the question thoroughly, but the gist of it is what do

advisors actually do for their fee and there's a very basic example of what this person

or this hypothetical information about this person is. So I will discuss it in depth

and I will use my firm as an example because I obviously know what we do in my firm. I can't

speak to every firm. I know a lot of them are similar in many ways, different in others, but I thought

this would be a good opportunity to explain in depth what my firm does

as an indication of what other truly retirement-focused decumulation planning with a tax

emphasis, you know, tax planning emphasis, do and what all is involved for the service.

So before I get into that, though, my dad joke is, did you hear about

the new corduroy pillows? They're making headlines. Lines on your head lines on your face,

pillow, you know, whatever. And my big goofy smile. This week is last night. It is, what is,

it is June 1st as I'm recording this. It's a Sunday. Last night, Saturday, I went out to the town

...