When Does it Make Sense to Work with a Financial Advisor?

Ready For Retirement

James Conole, CFP®

Investment Planning, Bonds, Education, Stocks, Cash, Business, Dividend Investing, Retirement Planning, Retirement, Investing, Tax Planning

5 • 706 Ratings

🗓️ 13 December 2022

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode of Ready for Retirement, James discusses when it does (and doesn't) make sense to work with a financial planner. Questions Answered: When does it make most sense to consider working with a financial advisor?What are the main benefits you can expect from working with a financial advisor?How can your overall retirement strategy be improved by having a financial advisor?Timestamps: 00:00 - Introduction 3:05 - Cost/Benefit Decision 6:36 - Cost of an Advisor 11:30 - Partneri...

Transcript

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0:00.0	Discover the tips and strategies that will help you achieve your retirement goals.
0:09.3	I'm your host, James Canole, and this is the podcast dedicated to helping you retire well.
0:14.2	It all starts right here on Ready for Retirement. retirement.
0:28.2	Hi, everyone.
0:30.3	Welcome back to another episode of Ready for Retirement.
0:31.6	I'm your host, James Knoll.
0:36.6	And on today's episode, we get to talk about when it makes sense to work with a financial advisor.
0:38.5	Now, I, of course,
0:42.5	am a financial advisor, so I've got a lot of thoughts on this. But really what I want to do,
0:46.5	instead of just saying, look, everyone needs a financial advisor. Everyone should work with one.
0:52.2	That's not what I believe. So what I want to walk through is what benefits should you expect from working with a good financial advisor?
0:56.8	What would the cost be of working with a good financial advisor?
0:59.8	When should you be your own financial advisor?
1:02.7	When does it make sense to move on from your existing financial advisor?
1:04.9	Really just start to explore all these things.
1:08.3	And we're doing so now because we're coming up upon year end.
1:13.4	Year end is when a lot of times we think about goals and finances and where we want to be.
1:16.4	And a big part of that, of course, is working with an advisor.
1:22.1	So this episode is based upon a study, actually, that I received from a client and a ready for retirement listener.
1:23.2	This comes from Kreech.
1:24.0	Kreech, hello.
1:24.6	Thank you for the study.
	...

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