{"id":7461,"date":"2017-10-12T08:00:22","date_gmt":"2017-10-12T15:00:22","guid":{"rendered":"https:\/\/americanretirementadvisors.com\/?p=7461"},"modified":"2017-10-05T13:10:02","modified_gmt":"2017-10-05T20:10:02","slug":"financial-tip-month-oct-2017","status":"publish","type":"post","link":"https:\/\/americanretirementadvisors.com\/financial-tip-month-oct-2017\/","title":{"rendered":"Financial Tip of the month Oct 2017"},"content":{"rendered":"

[et_pb_section admin_label=”Section” fullwidth=”on” specialty=”off”][et_pb_fullwidth_header admin_label=”Fullwidth Header” title=”Financial Tip of The Month” background_layout=”light” text_orientation=”left” header_fullscreen=”off” header_scroll_down=”off” parallax=”off” parallax_method=”off” content_orientation=”center” image_orientation=”center” custom_button_one=”off” button_one_letter_spacing=”0″ button_one_use_icon=”default” button_one_icon_placement=”right” button_one_on_hover=”on” button_one_letter_spacing_hover=”0″ custom_button_two=”off” button_two_letter_spacing=”0″ button_two_use_icon=”default” button_two_icon_placement=”right” button_two_on_hover=”on” button_two_letter_spacing_hover=”0″ subhead=”October 2017″] [\/et_pb_fullwidth_header][\/et_pb_section][et_pb_section admin_label=”section”][et_pb_row admin_label=”row”][et_pb_column type=”4_4″][et_pb_text admin_label=”Text” background_layout=”light” text_orientation=”left” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all”]<\/p>\n

Pesky Fees! Why am I Paying Them?<\/h2>\n

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By David S Edge<\/strong><\/h3>\n

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Clients are often amazed when we assist them with a new retirement income plan. Many times there are reduced or no fees on many aspects of their new plan. Our plans lookout 20 years so that clients get a real good snapshot of \u201cwhere are my accounts<\/em>\u201d, \u201cwhat are my accounts costing me<\/em>\u201d, and \u201chow predictable is my current plan<\/em>\u201d?<\/p>\n

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\nWhen consulting with many financial planners, there is usually a monthly fee on an entire portfolio, regardless whether your plan makes a profit or not. \u201cIt\u2019s the management fee\u201d, they all claim as a matter of fact<\/em>. This fee typically is in the 1-3% range of the entire account under management. But, what if that 1-3% remained yours? What if there was added certainty, and that there are portions of your retirement plan that were guaranteed? What if there was added value to your plan of Long Term Health Care included? If you don\u2019t know the answers to these questions maybe you might be in the market for a new planner.<\/p>\n

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\nThere are two types of planners, accumulation<\/strong> planners and preservation and distribution<\/strong> planners. Accumulation planners are great while you are in your earning years from age 20 to mid-fifties. When you are 5-10 years away from retiring, that\u2019s when you need to mentally shift gears towards conserving what you saved and making it less volatile. This is when you need to seek out the second type of planner, preservation, and distribution<\/em>. It\u2019s the basic concept that you\u2019ve built your nest egg, and preserving that nest egg is more important than gambling with it.<\/p>\n

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\nMany planners work with specific companies and they can only offer that company\u2019s stable of products. This can mean they are giving you the best choice of what they can offer, but\u2026 not the best choice of what\u2019s available across all retirement products.<\/p>\n

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\nIf you had a bad experience in 2001 and 2008 with the market crashes, you know exactly what I\u2019m talking about. You had your investments in Mutual Funds, or 401K\u2019s, and the like. These accounts are tied directly to the stock market, and if you listen to John C. Bogle of Vanguard fame, whom many consider the father of modern investing, he stated, \u201cThe stock market is a casino that the average investor should avoid.\u201d Ask yourself, \u201cAm I gambling with my retirement money right now\u201d? Many Mutual Funds and 401K accounts have hidden fees and you\u2019ll need a microscope in the fine print to read and understand, but believe me they are there.<\/p>\n

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If you want a comprehensive plan, with little or no fees, and a team of folks that will educate you on exactly what you have, where it is, what it\u2019s making you, and what are the certainties of that plan, give us a call. We\u2019re here to help! Isn\u2019t it time you took control of your retirement planning?<\/p>\n

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Pesky Fees! Why am I Paying Them? [spacer height=”05px”] By David S Edge [spacer height=”10px”] Clients are often amazed when we assist them with a new retirement income plan. Many times there are reduced or no fees on many aspects of their new plan. Our plans lookout 20 years so that clients get a real […]<\/p>\n","protected":false},"author":1,"featured_media":7447,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"\nAmerican Retirement Advisors 800-568-1095 Expert Advice<\/title>\n<meta name=\"description\" content=\"American Retirement Advisors, David P. Schaeffer, Retirement Advisor, Retirement Defender, Insure your savings, Save your Savings from Wall Street. IRA, Annuity, 401k, Safe Savings, Never lost a penny of my clients money EVER\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/americanretirementadvisors.com\/financial-tip-month-oct-2017\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"David Schaeffer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/americanretirementadvisors.com\/financial-tip-month-oct-2017\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/americanretirementadvisors.com\/financial-tip-month-oct-2017\/\"},\"author\":{\"name\":\"David Schaeffer\",\"@id\":\"https:\/\/americanretirementadvisors.com\/#\/schema\/person\/5572a51be4fd98c2a88945215f1b7874\"},\"headline\":\"Financial Tip of the month Oct 2017\",\"datePublished\":\"2017-10-12T15:00:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/americanretirementadvisors.com\/financial-tip-month-oct-2017\/\"},\"wordCount\":747,\"publisher\":{\"@id\":\"https:\/\/americanretirementadvisors.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/americanretirementadvisors.com\/financial-tip-month-oct-2017\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/americanretirementadvisors.com\/wp-content\/uploads\/2017\/09\/Financial-tip.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/americanretirementadvisors.com\/financial-tip-month-oct-2017\/\",\"url\":\"https:\/\/americanretirementadvisors.com\/financial-tip-month-oct-2017\/\",\"name\":\"American Retirement Advisors 800-568-1095 Expert Advice\",\"isPartOf\":{\"@id\":\"https:\/\/americanretirementadvisors.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/americanretirementadvisors.com\/financial-tip-month-oct-2017\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/americanretirementadvisors.com\/financial-tip-month-oct-2017\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/americanretirementadvisors.com\/wp-content\/uploads\/2017\/09\/Financial-tip.jpg\",\"datePublished\":\"2017-10-12T15:00:22+00:00\",\"description\":\"American Retirement Advisors, David P. 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