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Tag: trust

Why We Avoid Getting Advice From Financial Professionals

One in four Americans didn’t get a routine medical checkup in 2019, and 3.3 million Americans have never had a regular checkup. These alarming statistics were presented in a March 18, 2020, Business Insider article by Zoe Ettinger. The flipside of these numbers—which...

Here are 7 Financial Advisor Red Flags

A financial advisor that you feel you can trust is not automatically one who is trustworthy. Making that distinction can be crucial to your financial well-being. “Feeling” that a person is trustworthy or “listening to your gut” is not a safe...

Financial Planner’s Net Worth–Right Answer to Wrong Question

What’s your net worth? Financial professionals like me think nothing of asking clients this question. If the tables were turned, though, and clients or prospective clients asked the same question of us, how would we respond? Every now and then this issue comes...

Trusts; No Panacea To Keep Family Wealth

Watch this video on YouTube When passing wealth to your kids, consider creating a trust to limit the later generation’s ability to tap into the principal. Several astute readers suggested this strategy after my recent column citing research that showed 90% of...