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Your Financial Advisor Is A Dinosaur If… Thumbnail

Your Financial Advisor Is A Dinosaur If…

Warning: Not all financial advisors are created equal. That’s right. You may think you’re making a smart financial choice by hiring a financial advisor, but you need to be careful. This isn’t quite yet a profession, like law or accounting, due to varying licensing requirements and a smattering of outright shady salespeople (brokers) who highjacked the term “advisor” in the late 1990s and do everything they can politically to hang onto this great “marketing title.” As the proper term “broker” suggests, they are just selling stuff, and if there was a clear way to delineate that to the public, I would not be about to go on the following rant. You can look for a firm that is a “Registered Investment Advisor,” or RIA, but even that search isn’t perfect due to the rise of “Hybrid RIAs,” which enable an advisor to switch hats mid-meeting if they want, from investment advisor back to broker. Back in pre-internet 1990, everyone needed a broker to get access to the stock market; today this is a commodity and what people truly need from their “advisors” is advice. The following is a checklist you can use to really see if your “financial advisor” truly has your best interests at heart.

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Why The 30-Year Fixed-Rate Mortgage Is Insane Thumbnail

Why The 30-Year Fixed-Rate Mortgage Is Insane

There are plenty of things in the financial world that are blindly accepted as universal truths. But that doesn’t mean they are right, the best option, or that there aren’t other (and better) alternatives. And in the case of the 30-year fixed-rate mortgage, this is definitely the case.

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Human Capital: What Is It And Why Does It Matter? Thumbnail

Human Capital: What Is It And Why Does It Matter?

Everyone knows what they have in their personal bank account right now (or at least you should). Most people have some general idea what they currently have in their 401(k) account as well. Maybe you even know approximately how much equity you have in your home. These are all inputs that add up to one’s “financial capital” or, more basically, what a person has made and saved over their life up until today. Now, while these figures are important and finding ways to best grow them is a key component of wealth management or financial planning, I find that younger, accumulator clients have often overlooked and unmanaged one particular asset on their household balance sheet: HUMAN CAPITAL.

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The Easy Way To Get Started On Your Estate Plan Thumbnail

The Easy Way To Get Started On Your Estate Plan

Estate planning is one of those tasks that most of us put off for the future, either because we don’t want to think about our mortality, believe it’s too costly, or because it doesn’t seem necessary. In fact, only 51% of Americans have done any estate planning, which means half the population is taking a huge risk when it comes to caring for their families and assets.

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The Top Five Financial Planning Challenges of Accumulators Thumbnail

The Top Five Financial Planning Challenges of Accumulators

At Accumulation Wealth Partners, we specialize in serving people in the accumulation phase of their life. These include people at the start and middle of their careers who seek to find a stable financial footing in order to reach higher financial confidence and eventually (sooner than most think) financial independence.

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How Much Life Insurance Do You Really Need? Thumbnail

How Much Life Insurance Do You Really Need?

When planning for the future, many people neglect to consider life insurance’s role in their financial strategies. In 2017, more than 4 in 10 people didn’t own a life insurance policy in any amount and 40% of those who do said they were under-insured.

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