-
Here are the top 3 reasons to fire a financial advisor, say experts
Edwin Tan | E+ | Getty Images Breakups are always hard. The relationship with your financial advisor is no different. But there are some telltale signs it’s probably time to call it quits, experts say. “When it comes down to it, it’s a business relationship,” said Micah Hauptman, director of investor protection at the Consumer Federation of America, an advocacy group. “If advisors are not serving the client in a way the client deserves or expects, it’s entirely appropriate to end the relationship,” he said. More from Personal Finance:This is the ‘best defense’ against inflationHow Apple’s new 4.15{9f99fe44fce1aa3c813d0a0ce4da2fbea8a5a58e9d85c4a2927dd8140cb676b5} savings account rate ranksThis is the best way to ‘protect your money…
-
Opinion: Should you fire your financial adviser? Not if you’re angry about stock losses.
Nobody fires their financial adviser when the stock market is up. But when times get tough, no adviser does their job well enough. Consumers are as fickle over the managers of their money as the owners of pro sports teams are about the coaches they employ, but the big difference is that in sports there is always a winning team whereas a bad market can make everyone a loser. Warren Buffett has famously said that “only when the tide goes out do you learn who has been swimming naked.” In the world of consumer-adviser relationships, when the tide runs out, the customer sees issues with the adviser without recognizing the…
-
Beautiful and Powerful Financial-Planning Software for FIRE
I love beautifully-designed software. I love powerful/flexible financial software. It’s been a while since I’ve found an application that’s both, but that’s exactly what I have for you today… ProjectionLab is the most beautiful financial planning tool I’ve ever seen. And, it was created specifically for people pursuing FIRE, so it’s also the most-useful planning tool I’ve found for FI! The indie developer who built it is here today to tell you all about it. Take it away, Kyle! Hey everyone, I’m Kyle. When I finished undergrad back in 2015, I never thought that just 8 years later I would have achieved financial independence by 30… and I…







