What Is A Fiduciary & Why Should You Care? | Recap + Highlights - Ep. 504

Mar 1, 2020

It’s Sunday, which means...It’s recap time! 

This week, I talked about the fiduciary standard in the world of financial advice. What is a fiduciary and why should you care?

In each episode this week, I dug a little deeper into the fiduciary issue in an effort to help you better understand what a fiduciary is and when, why, and how that matters for your long-term financial success. 

Here’s what we covered in each episode this week: 

• Early in the week we laid the foundation by defining fiduciary
• Then we talked about how to spot who is and who isn’t a fiduciary
• On Thursday, we went even deeper to explain the nuances behind the Suitability vs.Fiduciary Standards
• We talked about what to do if your advisor isn’t a fiduciary
• And yesterday, we covered how you can better understand the main areas of conflicted advice - namely fees vs. commissions and sales vs. advice. 

Hopefully after listening to the One Minute Retirement Tip this week, you’re well-equipped to make smarter decisions to ensure the people you hire to help you manage your finances are acting in your best interest. 

If you missed any of these episodes or if you want to revisit any of them, you can find them on iTunes, Spotify, or Google Play by searching for the “One Minute Retirement Tip with Ashley”. 

Tomorrow, we are starting a brand new theme: Gray Divorce. The divorce rate among people in their 50s, 60s, and 70s has skyrocketed in recent years. It’s such a prevalent trend that there’s a name for it - gray divorce - as in your hair is gray. So next week, we’ll unpack this upswing in divorce rates among pre-retirees and retirees and what a gray divorce could mean for your retirement plan. 

That’s it for this week! Thanks for listening and I hope you have a blessed Sunday! 

My name is Ashley Micciche and this is the “One Minute Retirement Tip”.

----------

>>> Subscribe on iTunes: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Check out our blog: https://truenorthretirementadvisors.com/blog/

----------

Tags: retirement, investing, money, finance, finances, financial planning, retirement planning, saving money, personal finance, wealth management, money tips, fee only financial advisor, financial planner, financial podcast, retirement podcast, financial independence podcast