Can advisors do what's best for you and them?
Finances and investing are not complicated, regardless of what Wall Street wants you to believe. In this episode, Don and Tom talk about tapping into your Social Security in retirement, developing a more enlightened perspective on market performance and being aware of immediacy bias and why those with diversified, balanced portfolios are not too concerned with what the market will do tomorrow. Did you know that only 1 in 100 financial advisors are required to look out for your best interests? It’s like finding a needle in a haystack! Bewarel of dually registered advisors.
Where the most money in retirement comes from.
A good reason why you should delay taking your Social Security.
A better perspective on the performance of the S&P 500 and the market in general.
Economists’ poor track record in predicting recessions.
The importance of rebalancing and having a diversified portfolio.
Understanding that you will lose some money at some point.
The suitability standard and why you shouldn’t use an advisor who is dually registered.
The ratio of financial advisors that are required by law to act in your best interest.
Vestory — https://vestory.com/
Merrill Lynch — https://www.ml.com/
Edward Jones — https://www.edwardjones.com/index.html
CNBC — https://www.cnbc.com/world/
Ronal Reagan — https://www.whitehouse.gov/about-the-white-house/presidents/ronald-reagan/