Mailbag: “Can a financial advisor help me stress-test my retirement savings?”

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Entrepreneurship, Business

4.8 • 1.3K Ratings

🗓️ 4 April 2025

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

Are financial advisors worth the cost? How do you know when it's time to switch from DIY investing? What exactly should an advisor be doing for you? In this special Mailbag episode, Pam Krueger, CEO of WealthRamp, answers all your biggest questions about working with a financial advisor. Plus, we tackle the #1 retirement fear—running out of money—and explain how to stress-test your finances to stay on track. Mailbag Questions: [02:00] “When is it time to move from a robo-advisor to a real human?” [07:00] “Can someone call themselves a fiduciary but still earn commissions?” [9:30] “I only have $100k saved. Will a financial advisor work with me?” [12:00] “Should my advisor help with budgeting, insurance, and college planning—or just investments?” [15:00] “How can I make sure my retirement savings last a lifetime?” Looking for more financial confidence? 🚀 FinanceFixx – Our 4-week or 8-week coaching program to get your finances on track! 📈 InvestingFixx – A club for women ready to grow their wealth Have a question for us? Write to us (or send us a voice note!) at [email protected]. While you’re at it, join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	The economy is shaky. The markets are volatile and let's be real. We might already be in a recession
0:07.0	and not even know it. If you are feeling unsure about your investments, you're not alone.
0:13.5	But here's the good news. Our investing fixed portfolio is holding strong. Why? Well, I think it's because we don't just react to the headlines.
0:25.9	We invest with a strategy, with confidence, and alongside a community that is in this together.
0:32.9	The best part? Your first month is completely free free we are breaking down the markets
0:38.3	simplifying strategy and helping you build wealth with confidence join us
0:43.5	today at investing fix.com that's fix with two X's let's grow your portfolio
0:50.3	one smart decision at a time.
0:59.7	So dealing with a specialist, an advisor who actually specializes in retirement income planning, and can sit down and again, show you.
1:03.1	Don't just tell me, show me how.
1:07.2	I'm not going to run out of money.
1:09.1	And yes, stress testing everything is part of that.
1:13.2	Hey everyone, I'm Gene Chatsky. Thank you so much for joining us today on her money for a special mailbag chat with Pam Kruger, founder and CEO of Wealthram.
1:23.0	Wealthramp is a referral service that connects consumers with vetted fee-only financial advisors.
1:30.2	I hope you all caught our earlier episode with Pam, where we got real about financial advisors,
1:36.6	what they do, what they don't do, even how to fire one you're not so happy about.
1:42.6	We've got a lot of questions from you listeners who have
1:47.5	doubts and issues when it comes to your own advisor journeys. We knew Pam was the perfect person
1:54.9	to help us tackle them. So Pam, welcome back. Thanks, Jean. Great to answer questions. Thanks.
2:00.7	You ready to dive in?
2:02.5	Here to help.
2:03.6	All right.
	...

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