Most financial advisors are pretty investment-centric. This is understandable – the financial advisory industry evolved from (the bad old days of) old-school stock brokers. While it’s understandable, it’s not a good situation. Preparing for retirement is a complex and multifaceted problem. You can’t just focus in on your investments. There are all sorts of other things that you need to be considering: what are your different goals? What about your different sources of reliable income – Social Security, Annuities, Reverse Mortgage, etc? How about your reserves and insurance needs? Your investments are a really big part of your retirement income plan, but it’s a whole tapestry that you need to be weaving. The strategies listed in the article I linked above are all pretty good things to think about – especially the one about using a fiduciary advisor (like McLean). But for an article about strategies advisors “won’t talk about,” this article sure features a lot of advisors talking about them. The fact is, these are all things that good advisors talk about with their clients. You can certainly find folks who just want to sell you something, but thankfully they’re becoming (slightly) less common. A good advisor will approach […]
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