7 Biggest Mistakes People Make When Choosing a Financial Adviser
From the Recaps Archives, originally posted on 5/30/2019
7 Biggest Mistakes People Make When Choosing a Financial Adviser
Matt Wiley | APR 26, 2019
Choosing a financial adviser is a big decision.
Being aware of these seven common blunders when choosing an adviser can help you find peace of mind, and avoid years of stress.
1. Hiring the First Adviser You Meet
While it’s tempting to hire the adviser closest to home or the first adviser in the yellow pages, this decision requires more time. Take the time to interview at least a few advisers before picking the best match for you.
2. Choosing an Adviser with the Wrong Specialty
Some financial advisers specialize in retirement planning, while others are best for business owners or those with a high net worth. Some might be best for young professionals starting a family. Be sure to understand an adviser’s strengths and weaknesses - before signing the dotted line.
3. Picking an Adviser with an Incompatible Strategy
Each adviser has a unique strategy. Some advisers may suggest aggressive investments, while others are more conservative. If you prefer to go all in on stocks, an adviser that prefers bonds and index funds is not a great match for your style.
To continue reading, please go to the original article here:
https://article.smartasset.com/mistakes-when-choosing-financial-advisor/?utm_source=taboola&utm_medium=cpc&utm_campaign=tab__falc_content_famistakes&utm_term=580&utm_content=203587794
6 Common Excuses for Not Saving Money By Tara Struyk
Have you ever settled on a new exercise program, only to get a bad cold a few days in and happily throw yourself on the couch, relieved to have a handy excuse? Excuses must be human nature; I know I usually make them when I'm facing something that’s new, that's hard, or that I just don’t enjoy. And I’ve certainly made excuses when it comes to money.
In the years that I’ve been writing about personal finance and investing, I’ve also heard my fair share of excuses, mostly from readers who don’t agree with my advice. The problem is, unlike good financial habits, excuses are easy to come by, even though most of them just don’t stand up to reason. Check out some of the ones I’ve heard most frequently so far.