How to Know If Your Financial Advisor Is Really Helping You Plan for Retirement (Ep. 34)
Are you getting financial advice, or are you simply getting investment updates?
Many people build strong relationships with their financial advisor, but that doesn’t always mean every part of their retirement plan is being addressed. Knowing what questions to ask can make a meaningful difference before small planning gaps become bigger problems.
In this episode, Dan Reese, CFP®, explains how to evaluate whether your financial plan is covering the areas that matter most. He shares the 3-lane planning framework, covering investments, retirement income, and tax planning, and discusses how Social Security, Medicare, estate planning, and long-term tax decisions work together. Dan also explains why planning performance often matters just as much as investment performance when preparing for retirement.
Key takeaways:
- How fiduciary advice differs from investment-focused conversations and why that distinction matters
- Why retirement income, tax planning, and investments should work together instead of separately
- Questions to ask when evaluating whether your advisor is addressing your complete financial plan
- How Social Security and Roth conversion decisions can influence lifetime retirement taxes
- Why planning performance may have a greater financial impact than investment returns alone
- And more!
Converting from a traditional IRA to a Roth IRA is a taxable event.
Resources:
Connect with Dan Reese CFP®:
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