Financial Advisors

The new fiduciary standards recently introduced as a guideline for financial advisors forces them to put the best interests of the client ahead of their own, but it is a standard that is not without controversy.

Just as a distance runner might find it difficult to focus on an entire marathon, investors struggle to stay on a path toward a financially healthy retirement. Preparing for your retirement finances should be viewed as a marathon, rather than a sprint. Unless you win the lottery tomorrow, you are not going to be prepared to retire at the end of the year or even the end of the decade.

Hiring a financial advisor is like selecting the right mechanic for your car. Although the stakes are not the same, you wouldn't trust your vehicle to someone who is going to suggest unnecessary repairs and upgrades just to line their pocket with more money. You should put the same effort into finding the right financial advisor.

There are a lot of difficult decisions that you have to make as a parent, and none is harder than trying to find the perfect time to have important discussions with your children. For example, it is a delicate line to walk when having the discussion about the "birds and bees" with your children.