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What You Need to Know About Choosing a Financial Advisor

By Doug Goldstein, CFP®

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April 4, 2016, 7 AM ET

What should you take into consideration when choosing a financial advisor? When choosing a financial advisor, you must understand what his role is in helping you manage your money. Will he look at your investments on a daily basis? Who will make trading decisions? What does your financial advisor need to know about you, and what do you need to know about him?

A good financial advisor will make sure that you understand your investment goals.

Are you trying to get rich or to avoid being poor? Are you saving for a specific goal or do you need your investments to supplement your income in retirement?

Dennis Miller, author of Retirement Reboot, talks about the differences between “regular” and “retirement” investing, and how to deal with inflation risk when making financial decisions.

The Goldstein On Gelt Show is a financial podcast. Click on the player below to listen. For show notes and contact details of the guest, go to www.GoldsteinOnGelt.com

 

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