Finding and Interviewing a Fee-only Fiduciary Financial Adviser
You have heard this many times. If you need professional assistance with your investments, select a fee-only fiduciary financial adviser. There is a free FREE 102 page book by Paul Merriman title, “Get Smart or Get Screwed!” that details the entire process from beginning to end. The title is a bit sordid, but delightful.
“When you’re paying for advice (and you always pay, one way or another) you have two basic choices:
Choice #1: You pay your advisor, and the advisor works for you.
Choice #2: Somebody else can pay your advisor and, in effect, the advisor works for somebody else.”
Bottom line: If you write the check to the advisor then you are in charge and the advisor works for you. Any other payment scheme puts you at higher risk of the adviser not working for you.
Thank you Ted for the two related articles:
Two quick articles that my good friend Ted emailed the other day. The first one is near and dear to our hearts as our entire book, “Late Bloomer Millionaires” is a how-to guide for late starters because we were late starters and made big mistakes, yet we retired comfortably. Click here for this article of the many excuses for people to delay (or not) plan for retirement. Don’t delay any longer. The consequences can be tragic.
If any of you find an article that you think should be shared, contact me.
Have a great day,
Steve and Dan
2 thoughts on “Free book On How to Find a Fee-Only Fiduciary Financial Planner”
Ken Greenberg
Steve and Dan,
Thank you for adding the link to Get Smart or Get Screwed. I sit on a committee that oversees our District’s 457b plan and recently our third party administrator has offered “free” financial planning. It like the idea of this service but I question just how “free” this will be in the long run. I’ve made this link and your website available to all our participants so they can do the research on their own. Keep up the good work!
Thank you Ken. Great hearing from you and you keep up the good work. Gotta watch those guys. Here is another article. The industry is gearing up to fight against fiduciary standards with brokers and insurance agents: click here
Steve and Dan,
Thank you for adding the link to Get Smart or Get Screwed. I sit on a committee that oversees our District’s 457b plan and recently our third party administrator has offered “free” financial planning. It like the idea of this service but I question just how “free” this will be in the long run. I’ve made this link and your website available to all our participants so they can do the research on their own. Keep up the good work!
Thank you Ken. Great hearing from you and you keep up the good work. Gotta watch those guys. Here is another article. The industry is gearing up to fight against fiduciary standards with brokers and insurance agents: click here