This chapter explores the complexities of managing financial assets, focusing on the balance between paying off a mortgage and maintaining investments. It discusses the importance of personalized financial advice, the challenges of asset allocation, and the impact of market conditions on retirement strategies. Additionally, the speakers share insights on tax strategies and optimizing portfolios, emphasizing the need for flexibility and informed decision-making.
Here's what we learned by hiring a financial advisor for a fixed fee of $1,000. Rather than pay a costly ongoing assets under management (AUM) fee, we wanted to test out this increasingly popular fee-for-service advisement model. Eric and Jason discuss each hired the same fee-only, advice-only advisor for $1,000 to evaluate their portfolios and answer a variety of key questions. They share how they found this advisor, what the process was like, the specific questions + answers they had, and who they think could benefit from such a service. Is this the right option for you? Maybe.
Show notes: https://twosidesoffi.com/1Kadvisor