In this episode of Getting Real, discover why your financial advisor or current retirement plan services provider may not inform you of investing in alternative assets.

0:00 Intro
1:07 Why your financial advisor is not providing you with information about investing in alternative assets
2:38 Public and private market advisors
3:04 How to access WealthBridge
4:02 Education gap
5:28 Can I convert an existing traditional 401(k) to a Roth IRA?

Discover more on WealthBridge here: …(read more)

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INVESTING IN A GOLD IRA: Gold IRA Account

INVESTING IN A SILVER IRA: Silver IRA Account

REVEALED: Best Gold Backed IRA

We all need financial guidance at some point in our lives. Whether it’s planning for retirement, managing debt, or saving for a major purchase, seeking the help of a financial advisor seems like a logical step. However, there are some things your financial advisor won’t tell you that you should be aware of to make informed decisions about your money.

One important aspect that often goes unmentioned is the potential for conflicts of interest. Financial advisors receive commissions based on the financial products they sell to you. This means that they may have incentives to recommend certain products that may not be in your best interest. It’s essential to be aware of this and ask questions about how they are compensated to ensure that you are receiving unbiased advice.

Another hidden agenda that your financial advisor may have is their reluctance to advise you against investing in certain low-cost funds. Many advisors have partnerships with prestigious mutual fund companies that pay them for recommending their products. While these funds may perform well, they often come with higher fees compared to similar index funds. By not recommending lower-cost options, some advisors end up costing you more in fees than necessary.

Additionally, your financial advisor may not tell you about the availability of robo-advisors. Robo-advisors are automated investment platforms that use algorithms to manage portfolios at a fraction of the cost of a human advisor. They can offer personalized investment strategies tailored to your goals and risk tolerance. While not suitable for everyone, they can be a cost-effective alternative that is not always mentioned by traditional advisors.

Another key factor often overlooked by advisors is the lack of emphasis on comprehensive financial planning. Many focus solely on investment management, disregarding other essential aspects such as insurance, estate planning, and tax strategies. By failing to address the bigger picture, advisors may leave you exposed to risks that could have been mitigated with proper planning.

Lastly, your financial advisor may not inform you about the importance of taking an active role in your financial education. While advisors can provide valuable advice, it’s crucial to have a basic understanding of financial concepts yourself. Educating yourself about personal finance can enable you to better evaluate the advice given and make informed decisions. It also allows you to ask more detailed questions and challenge potential biases.

In conclusion, while financial advisors can provide valuable guidance, it’s important to be aware of the things they may not openly discuss. Recognizing potential conflicts of interest, exploring low-cost investment options, considering robo-advisors, focusing on comprehensive financial planning, and educating yourself about personal finance can help you make more informed decisions about your money. Remember, it’s your financial future, so taking an active role in managing it is essential.