Indian River Financial Group

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.

With any loan or investment process, such as buying a car or opening a 401(k) for retirement, investors are going to hear about interest rates in regards to the money they are spending. An interest rate is best thought of as the cost of borrowing money, or conversely, the compensation one party receives for the service and risk of lending money to another party.

The future need for long-term care is a growing concern. Long-term care will affect nursing facilities, assisted living facilities and in-home care, which is why many people are concerned about the evolution of this issue, an issue that is likely to affect all of us.

Retirement might seem like a distant specter that you do not have to concern yourself with until you are middle-aged, but in reality you should be saving for retirement sooner rather than later.

Perhaps the most important aspect of financial planning and wealth management is trust. Clients who seek financial advice from professionals disclose personal values, life aspirations, and sensitive financial information under the impression that they will work together to achieve and monitor client success in the best ways possible.

At Indian River Financial Group, our mission is to assist clients in reaching their lifetime goals. We successfully deliver such by providing considerate, individualized financial guidance with your monetary objectives, life aspirations, and risk tolerance driving your investment approach.

The average individual undoubtedly understands that there is a difference between saving and investing, even if those terms are sometimes used interchangeably. The key to taking advantage of saving and investing is understanding the difference between them. In short, saving and investing differ in terms of risk and liquidity.

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.

The word retirement and all the financial responsibilities it encompasses tend to loom over the lives of many Americans as a daunting thought. As a result, preparation for the future often shifts to the backburner. Retirement should be the best time of your life – something you look forward to, a destination you strive to reach.