Fee-Only Planner

The 'Disgusting' Financial Practice Tony Robbins Wants You to Watch Out For

It sounds simple enough: Make an investment adviser put the interests of his or her clients ahead of his own.  But the rollout of the so-called fiduciary rule, approved by the Department of Labor during the Obama administration, continues to be delayed, as it faces fierce opposition from the financial industry.  For author and business strategist Tony Robbins, this lack of regulation around investment advice can be “disgusting.”

Learn more about this disgusting financial practice by clicking the link below.

What Is the Value of Hiring a Fiduciary Financial Advisor?

Advisors are worth up to four times the 1% fee they typically charge on assets under management, according to Russell Investments’ annual study on the value of a financial advisor.  In the past four years of this study, we have concluded that the value an advisor delivers to their clients materially exceeds the 1% fee they typically charge for their services.  

The way to improve your fiscal behavior, is to work with a qualified fiduciary financial planner.  With improved fiscal behavior an investor is less likely to make the types of mistakes many people make that can sabotage their financial success.  The real value in working with a fiduciary financial life planner goes well beyond investment returns.  Juggling all your financial puzzle pieces can be stressful and time consuming. Having a trusted Financial Planner to help you with all of this can be a huge weight off your shoulders.  

In 2017, we assess the value of an advisor to be approximately 4.04%.  Click below to learn why.  

How to Tell If You Are Ready to Retire

Most people's finances would be improved by another year spent in the workforce, but you also don't want to work for so long that you don't have time to enjoy the things you want to do in retirement. Here's how to tell if you are ready to leave the working world behind.

 

Why You Want To Use A Fee-only Financial Planner

Do you have money to invest, but you're not sure where to put it?  The stakes are so high in investing that you should consider fee-only planners. They'll give you a fixed price up front for their services, regardless of the product they recommend. You won't have to worry about conflict of interest.

The Supreme Court Just Made A Ruling that Could Boost Your 401(k)

On Monday, The Supreme Court of the United States ruled that workers can sue their employers over high fees in their 401(k) plan offerings.   

Warren Buffett and Bill Gates Agree - This Factor Was Most Important for their Success

Warren Buffett, Steve Jobs, and Bill Gates have all attributed their success to one factor. In fact, this one trait is behind the success of all people that have performed massively better than the average person. Read on to find out what the trait is and how you can put it into practice in your own life and investing.

Getting A Big Tax Refund Means You're Doing It Wrong

Getting a big tax refund feels good, but it means you essentially gave the government an interest-free loan.  If we hate paying taxes, then why do we consistently overpay them, collectively lending Uncle Sam some $300 billion year after year—interest free?

Study: 9 in 10 Americans Underestimate Their Hidden 401(k) Fees. When was the last time you checked the fees on your 401(k)?

Who’s looking out for your 401(k)?  Do you know who is legally responsible for plan losses and excessive fees?  Do you understand the fees being charged to your account?  When was the last time you checked the fees on your 401(k)?

All too often, workers with 401(k) accounts are in the dark. They view their retirement plan as a benefit and are unaware they're paying for the privilege of investing for retirement. Many times, the 401(k) plans get neglected or pushed to the bottom of the list because the owner and Board of Directors are too busy with other tasks. 

Many investors don't realize that more than a half a dozen fees may be charged against their 401(k) account for recordkeeping, administration, investment advisory, brokerage and management services. These are often shaved off the top of the account's investment returns, and never before seen by the 401(k) participants.

The Federal Government has been trying to enforce new regulations that require 401(k) plan providers to spell out the hidden fees workers pay.  The push for greater disclosure has been in the works for several years, and it has been a struggle. 

Unveiling  investment expenses is particularly important for 401(k) participants in smaller companies. That's primarily because many companies, especially small businesses, do not want to pay the thousands of dollars of operating costs; therefore, they set up retirement plans in which costs are paid by workers out of their investment returns.

All of this discussion is critical because 401(k) participants who pay just 1 percent more in fees see a significant impact on their retirement balance over their working careers.

Revealing these costs should cause workers to push their employers for a less expensive plan. That's the takeaway for employees in all this. They should look over their reports and if they feel they're not getting enough information, push for more. If they find their fees seem higher than average, they should talk to their plan administrator about lower fee options. 

At Horizons Wealth Management, we feel certain that we can provide a better retirement plan for much lower costs.  We would be grateful for the opportunity to run a free cost comparison and analysis for your company to illustrate how much could be saved in your retirement plan fees.

Read more here....

http://www.nerdwallet.com/blog/investing/2013/hidden-401k-fees-plan-retirement-account-study/