Description

What are some of the rip-offs you should keep an eye for when choosing an advisor to manage your retirement plan? 

When looking for a suitable financial advisor for you, you should ask as many questions as you can to understand certain concerning situations. 

In this episode of the Secure Your Retirement podcast, we talk about 4 retirement investment and planning rip-offs you should always avoid. Listen in to learn how to approach these 4 rip-offs by ensuring you fully understand each before you hire an advisor. 

In this episode, find out: 

• Be wary of an advisor saying there are no fees – there are always fees involved in any transaction.
• Bait-and-switch – understand that a good rate is sometimes meant to last for a certain period.
• Be careful about outrageous claims on average rates on returns or an advisor’s performance.
• Why you shouldn’t hold on to outdated beliefs that are no longer viable today. 

Tweetable Quotes:

• “Don’t hold on to old belief systems, compare and see what has changed to maybe make a certain product viable.”- Radon Stancil 
• “Try to understand how realistic some of these rates of return are that are being thrown at you.”- Murs Tariq 

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.