Being a good advisor isn’t about winning a popularity contest or just saying the same things that everyone else in the industry says. It’s about giving the best advice that you can for each individual situation.
On today’s show, we’re going to peel back the curtain to discuss some areas where a good financial advisor’s opinions might go against the grain with mainstream ideas in the industry.
Here’s some of what you’ll learn on this episode:
- Why the standard 60/40 investment portfolio doesn’t control risk like many peole think it does. (2:30)
- Leaving life insurance to you kids might be a better option than an IRA or other assets. (4:43)
- How to determine whether it’s better to pay the mortgage off ASAP or stay on schedule. (7:40)
- Other investment options that might be more efficient than mutual funds. (11:31)
“You shouldn’t just have a certain amount of equities in the portfolio because you’re a certain age or just because you’re just a couple of years away from retirement….it’s just using risk appropriately in the portfolio.”
– Shari Rash