When working with a financial advisor, how do you know whose best interest they are putting first--yours or theirs? If the advisor is required to put your best interests first, then they are operating under what’s called the fiduciary standard. If they are legally able to put their own interests before yours, then they are operating under a less stringent standard called the suitability standard. On today’s show, we discuss these standards, what changes may be coming, and how to understand the costs of your investments.
"How much money do I need to retire?”
That’s one of many retirement questions we hear the most when helping clients with retirement planning. With retirement itself undergoing so many drastic changes, it’s not surprising that more and more retirees are trying to quantify their retirement needs and plan accordingly.
On today’s show, we tackle this and other common retirement questions submitted by you, our clients and listeners. We do our best to provide expert analysis on the challenges and opportunities facing retirees.