Ep 81: 4 Unreasonable Requests for Your Advisor

Your advisor is here to help you make the best financial decisions for your future, but there are still some unreasonable things to expect from them. It’s important, as a client, to stay down to earth when it comes to your financial expectations. On today’s episode, we will be discussing 4 requests that are probably a little too unreasonable to ask of your advisor.

Do you want big returns without risk? Well, you are probably going to have to take on at least some risk to get there. Can you ask an advisor to lower their fees? Some people wonder if there is a way to get out of paying taxes on retirement accounts like a 401(k) or IRAs. Although you can roll over these accounts to a Roth, you’ll still have a tax bill. What if you don’t want to be involved in the planning process? It’s crucial your advisor understands you and your expenses so being involved to some degree is required. We’ll also answer three mailbag questions about retiring early, risk, and working until the age of 70.

Get additional financial information: https://principalpreservationservices.com/episode-81-4-unreasonable-requests-for-your-advisor/

What we discuss:

1:14 – Enjoying fall

2:26 – I want big returns, but I don’t want any risk

6:03 – Can you reduce your fees?

9:42 – How can I get out of paying taxes on my 401(k) or IRA?

12:03 – Do I have to be involved in the planning process?

15:12 – Mailbag: What steps should I take to retire at 55?

17:05 – Mailbag: How much should I have at risk in my portfolio?

19:38 – Mailbag: I’m single, should I work until I am 70?