Fiduciary Retirement Advisors
Want the Relationship with a Retirement Advisor that Will Benefit You the Most?
By definition, when you work with a fiduciary you have entered into a partnership with someone who cannot legally benefit from the business that they do for you. Fiduciary retirement advisors, therefore, are individuals who cannot ask you to act on their suggestions for building your retirement savings or your investment portfolio unless those suggestions will not directly benefit anyone but you.
Another benefit to working with fiduciary retirement planners is that a fiduciary retirement planner is obligated to always act in the way that is in your best interest. And, while it is against the law for fiduciary retirement planners to benefit from encouraging you to take an action that is not in your best interest, it is also a violation for a fiduciary retirement planner to benefit from an honest mistake.
If fiduciary retirement planners do make a profit acting on your behalf, they are required to tell you about the profit. And what happens with that profit will be up to you to decide.
Because it seems to most people that a relationship with fiduciary retirement advisors is a sure fire way to get the best advice, many people choose to form those relationships. But even though you can feel confident that you are able to completely trust your fiduciary advisor and that he or she will act appropriately - that he or she will act in your best interest and keep you informed of any gains that were made - it is never a bad idea to take advantage of a tool that would allow you to better stay on top of your own savings and investment accounts.
One such tool for knowing the status and future of your financial savings is Bob's free retirement calculator that can be accessed by clicking the blue button at the bottom of this page. The free retirement calculator will allow you to take a closer look at your savings accounts to see how they have performed and how they will perform for you given the rising costs associated with inflation and changing interest rates.
Similarly, you will be able to analyze the investments that your fiduciary retirement advisor has suggested to you. You will be able to evaluate the stocks, bonds and mutual funds that you already have invested in so that you can see how those investments have performed in the past. You will also have the opportunity to view projections for how your investments are expected to perform over time.
Because you will be able to view projections over the next thirty years, you will be able to see how the investments that you have made will be affected - just as the money held in your savings account was - by changing interest rates and inflation. And, in addition to being able to analyze your current investments, you will be able to use the retirement calculator to analyze those changes to your investment strategy that your fiduciary financial advisor suggests to you.
You will be able to carefully look at the effects that changing your investment strategy might have on your retirement savings - even before you give your fiduciary retirement advisor your permission to make the investment. With the retirement calculator you can be absolutely sure that your savings and investments will benefit you - and not your financial advisor.
When the time comes for you to retire, you will be able to have a greater sense of confidence in your investment strategy because you will have had a role in making it work. Though you trust your fiduciary retirement advisors, you can still benefit from another level of security. All it takes is a click the blue button try Bob's free retirement calculator so that you will be able to see for yourself that you are getting the right information to help you to reach your financial goals.