Your checklist for choosing a financial advisor:
☑️CFP Designation
☑️Expertise in a specific planning area (entrepreneurs, equity comp, retirement, etc.)
☑️Can give you an example of how they helped someone like you
☑️They do planning and investments, not just investments
☑️They don't market or sell a single product
☑️They are clear on how they get paid and from what sources
@MarketPalmer_ I'm maxing out. 50% pretax and 50% Roth 401k.
While also....
Putting more than the max into taxable brokerage.
Funding backdoors and HSA's.
🤷
@IndexandC Access to your funds. Hard to put a price on access to your money. In your 70’s you may prioritize gifting now vs after death. Most wouldn’t take a taxable distribution to give money to their kids.
The US bond market is on pace for its worst year in history with a loss of 11.6%.
Entering the year, the 2.9% decline for bonds in 1994 was the largest ever.
For 98% of people, life insurance has one purpose:
Replace an economic lose.
That’s it.
It’s not investment.
It’s not an education fund.
It’s not an private bank.
It’s just simply to replace the economic lose that occurs when someone dies.