In this week’s show, Andy and Bob talk with Denny Smith about the importance
of having a strategy for spending in retirement.
Radio Show Highlights
Family and money
Are you ready for your RMD?
Importance of the fiduciary standard
Small Social Security cost of living adjustment
In this week’s show, Andy and Bob talk with Denny Smith about the importance of having a strategy for spending in retirement, which is
particularly important given that this year, the oldest of the baby boomer generation will turn 70 ½ and will need to start taking Required Minimum Distributions
Also in this week’s show:
In 2017, the Social Security cost of living adjustment (COLA) will be just $2.67 for the average recipient. This could
spell disaster for those who haven’t carefully considered their expenses, so Andy and Bob discuss some of the most common unexpected expenses in retirement and how
to plan for them.
Andy and Bob discuss how to talk with and manage expectations of adult children when it comes to borrowing and repaying
Andy and Bob talk with a listener about the importance of understanding how her advisor is being compensated and how
critical it is that her advisor adhere to the fiduciary standard.
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“Investment News 2017 Top RIA” refers to Financial Engines Advisors L.L.C., which, as of May 1, 2017, is #1 out of 1,906 independent investment advisors as measured by assets under management (AUM) according to this methodology: InvestmentNews qualified 1,906 firms headquartered in the United States based on data reported on Form ADV to the Securities and Exchange Commission as of May 1, 2017. To qualify, firms must have met the following criteria: (1) latest ADV filing date is either on or after January 1, 2017, (2) total AUM is at least $100M, (3) does not have employees who are registered representatives of a broker-dealer, (4) provided investment advisory services to clients during its most recently completed fiscal year, (5) no more than 50% of amount of regulatory assets under management is attributable to pooled investment vehicles (other than investment companies), (6) no more than 25% of amount of regulatory assets under management is attributable to pension and profit-sharing plans (but not the plan participants), (7) no more than 25% of amount of regulatory assets under management is attributable to corporations or other businesses, (8) does not receive commissions, (9) provides financial planning services, (10) is not actively engaged in business as a broker-dealer (registered or unregistered), (11) is not actively engaged in business as a registered representative of a broker-dealer, (12) has neither a related person who is a broker-dealer/municipal securities dealer/government securities broker or dealer (registered or unregistered) nor one who is an insurance company or agency.
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