Jan 03

Top Retirement Mistake

by

The Wall Street Journal recently published a great article called “Five Big Retirement Mistakes”.  The top mistake listed was not paying for financial guidance.

“People who have no problem paying for the services of an accountant or lawyer often balk at the prospect of cutting a check to pay for investment advice. Instead, they rely on “free” help from retirement advisers they meet at banks, brokerage firms and retirement seminars.

But there is no free lunch. You might not be paying an hourly fee for financial advice, but you still are compensating the adviser. The fees are built into the investment, so people don’t realize how much they are paying and how these fees drag down investment returns.”

So as the new year begins, please make sure your financial ducks are in a row and you are not paying hidden costs for “free” financial advice!

You Might Also Like

Other articles filed under Retirement

The 5-year Countdown to Retirement

August 16, 2018
While you should think about retirement planning as early as possible, the five years leading up to retirement are critical. If you believe you are 5 years or less away from retirement, now is the time to seriously take a...
Continue Reading

How to Prepare for a Market Correction

August 6, 2018
It’s simple. Don’t. A common question we receive is “how do I prepare for the inevitable stock correction?”  There are two answers to this question: the one you want to hear (which is wrong), and the one you don’t want...
Continue Reading

Market Commentary – July 2018

July 24, 2018
Stock Markets Returns from various stock market indices over several periods ending June 30, 2018 are shown to the right.  Here are a few highlights: Domestic stocks continue to lead the way. REITs were up nicely for the quarter, but...
Continue Reading

The Least Prepared in Decades

July 18, 2018
A recent headline in the Wall Street Journal declared, “A Generation of Americans Is Entering Old Age the Least Prepared in Decades.”  The article starts out by stating, “Americans are reaching retirement age in worse financial shape than the prior...
Continue Reading

Investment Committee Thoughts from Friday 4/27/18

May 8, 2018
Last week, we introduced you to our weekly Investment Committee meetings. When we met for class on 4/27/18, we began our discussion on the subject of an "optimal portfolio." The centerpiece of investment management is portfolio construction. Alongside financial planning,...
Continue Reading

‹ Back to Blog Home

getting started is simple

315.671.0588 info@rockbridgeinvest.com Schedule a meeting Sign Up for Our Newsletter