Brian Akers and Alex Monk from AKERS Financial Group discuss the importance of active money management in retirement planning. They emphasize the need for proactive management to ensure financial stability and longevity. Active management involves regular adjustments to portfolios based on market conditions and client needs. They highlight the pitfalls of static, set-and-forget strategies, citing examples of outdated portfolios and the risks of high-yield investments. AKERS Financial Group uses a core-and-satellite approach, diversifying across various asset classes and leveraging the best managers. They stress the importance of understanding client goals, tax implications, and the need for ongoing communication and trust between advisors and clients.
