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WHO Should I Ask for Financial Advice?

  • Writer: Susan Wieneke
    Susan Wieneke
  • Oct 27, 2021
  • 1 min read

Money is a tool to help you live your amazing life of purpose. Seek a financial advisor who asks you deep discovery questions and shows genuine interest in your dreams, goals, and concerns.


Choose an advisor that uses next generation software to build simulations and builds a custom plan for your situation. Are they consultative in their approach, patient in explaining options, and willing to show you the reason for their recommendations?


Ask what types of products a financial advisor uses to build retirement plans. You can expect to find advisors who specialize only in investments, only in insurance and annuity products, and those who specialize in both.


By integrating investments, insurance, and annuity products, the potential exists to develop more efficient retirement income strategies that support a higher income level and could help alleviate risk than investment-only strategies (Optimizing Retirement Income by combining Actuarial Science and Investments by Wade Pfau May 2015).


Why does integration of products potentially generate more income? Investments are an Accumulation product. Insurance and Annuities are an Actuarial Science product, which is designed for the distribution phase of life (think pensions). When you combine the two types of products, greater income potential and risk alleviation results. Therefore, I recommend choosing an advisor who uses both Accumulation and Distribution products for building the most efficient retirement plan.


If you value trusted referrals, ask to be introduced to their network of professionals.

Choose an advisor that you trust will provide a substantial value to you, and makes you feel they are working for you!


 
 
 

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Advisory services provided by Bison Wealth, LLC an SEC registered investment adviser.  Registration does not imply a certain level of skill or training. Advisory services are provided pursuant to an
Investment Advisory Agreement and suitability review. The information contained herein is for general information purposes only and should not be deemed an offer or solicitation of an investment product or service. Not all products and services offered by Bison are suitable for all investors. All investments contain risks which include the total loss of invested principal. The information is believed to be reliable but has not been independently verified and may change without notice. Bison does not provide tax, legal or insurance advice. Investors should consult with their financial, tax or legal advisor before investing. Retirement Key is a DBA of Bison Wealth, LLC. Retirement Key and Bison are not affiliated. Additional information about Bison can be found at [Form ADV] [Form CRS] [Privacy Policy]

Susan@YourRetirementKey.com   |    763-486-5441    |    Maple Grove, MN 55311

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