"Am I Saving Too Much for Retirement?"
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 7 September 2022
⏱️ 26 minutes
🧾️ Download transcript
Summary
Transcript
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| 0:00.0 | It's Brian Preston, the money guy, restoring order to your financial chaos, retirement, |
| 0:07.0 | investing, taxing. |
| 0:09.0 | You've got financial questions, he's got financial answers. |
| 0:12.6 | It's Brian Preston, the money guy. |
| 0:15.8 | Okay, Jason has a question he asks, my dad is over 60 and is very far from his retirement |
| 0:22.2 | goal. |
| 0:23.7 | He's gotten his savings rate as high as he can, but he's hesitant in getting help from |
| 0:27.6 | a financial planner. |
| 0:29.5 | How can I convince him and should he convince him? |
| 0:33.7 | That's one of those things where it really depends upon what's the why and how close |
| 0:43.4 | are you with the goals? |
| 0:44.4 | The biggest thing I heard Jason say is that he's far from his retirement goals. |
| 0:49.5 | We love fee-only financial advisors. |
| 0:54.0 | It's one of those things because the conflict of interest is tried to minimize everybody |
| 0:57.5 | as a conflict of interest that works in anything finance. |
| 1:01.2 | If you can try to minimize somebody trying to sell, your father who you've already described |
| 1:06.1 | as being far from his retirement goals, you don't want them going to somebody and they |
| 1:10.5 | start pitching life insurance and other things because that's not going to speed up your |
| 1:14.3 | journey to building wealth. |
| 1:15.8 | It might make sense to find somebody to measure twice and figure out how close are we |
| 1:23.7 | to the goals. |
| 1:25.7 | I really think it's not something that I try to because I know a lot of people we |
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