Jill on Money with Jill Schlesinger Concerns About My Financial Advisor
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Apr 18, 2025 Concerns about financial advisors spark intriguing discussions. Strategies for navigating personal finance in uncertain times are explored. Key topics like estate planning and retirement investments take center stage. The podcast emphasizes the importance of liquidity in today's market. Listeners are encouraged to engage, highlighting the challenges of making sound financial decisions amidst personal relationships.
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Move On From Troubled Advisors
- If your financial advisor is barred by FINRA and facing legal issues, move your money to a new advisor immediately.
- Do not risk waiting for their clearance; prioritize your financial safety first.
Basics of Revocable Living Trusts
- Establishing a revocable living trust usually requires transferring all assets into it, except retirement or insurance assets.
- You still need a will, durable power of attorney, and healthcare proxy alongside the trust.
Safe Income Strategies Near Retirement
- For risk-averse income generation, consider laddering bonds or CDs to provide steady annual returns.
- Alternatively, immediate or fixed annuities can offer income but consult a fee-only financial planner first.