2921: How to Leave Your Financial Advisor in 5 Simple Steps by Andy Hill of Marriage, Kids and Money

Optimal Finance Daily - Financial Independence & Money Advice

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2d ago 12:44

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Episode 2921:

Andy Hill shares practical steps for parting ways with a financial advisor who may not be prioritizing your best interests. He outlines a straightforward, five-step guide to transition to a new advisor or self-directed investing. With insights on selecting an advisor, understanding fees, and minimizing emotional discomfort during the process, this guide empowers listeners to take charge of their financial future.

Read along with the original article(s) here: https://marriagekidsandmoney.com/how-to-leave-your-investment-broker-in-5-simple-steps/

Quotes to ponder:

"Try your best to remove emotion from the equation. You may hurt some feelings but this is your retirement we're talking about here!"

"We didn't feel like we had a partner in our retirement success anymore. He was not performing his fiduciary duty."

"Avoid commission-based financial advisors. They can be more interested in selling you products than advising you toward a successful retirement."

Episode references:

Econome Conference YouTube Channel - "Are FIRE and financial advisors incompatible?": https://www.youtube.com/watch?v=Qa7vLbUvPoI

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