The hosts discuss a listener's insurance strategy and the potential drawbacks and challenges associated with it. They explore the issue of verifying if someone is a fiduciary and share a cautionary tale about a financial advisor who claims multiple designations without holding any of them. They also touch on the topic of financial advisory fees and the importance of understanding the services and value received for the fee.
#484: Kristen’s financial advisor charges a 1.3 percent fee on her investments. They also sold her term life, whole life, and long-term disability insurance. Do they have her best interests at heart?
Casey has $290,000 in student loan debt. He committed 10 years to one employer for a chance at public service loan forgiveness. But five years in, Casey questions what he’s missing out on.
Sara feels like it’s time to move to a more conservative asset allocation but she’s torn between buying bonds from Vanguard or Treasury Direct. What’s the difference anyway?
Former financial planner Joe Saul-Sehy and I tackle these three questions in today’s episode.
Enjoy!
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For more information, visit the show notes at https://affordanything.com/episode484
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