What You Should Know About Your Financial Advisor

What You Should Know About Your Financial Advisor

Before working with a financial advisor, it’s important to understand that advisors can have specialties, unique backgrounds and qualifications, offer a variety of services, and have varying business models. Asking the right questions to determine if someone is the right advisor to help you meet your goals is key. In this chapter, Rob shares what you should know about your financial advisor before becoming a client.

Roth IRAs vs. Traditional IRAs

Retirement investing is one of the most important pillars of your overall financial health. In this chapter, Rob shares insights on the differences between two of the most common and useful types of retirement accounts—Roth IRAs and Traditional IRAs—as well as the benefits and key considerations for each.

Required Minimum Distributions (RMDs)

The IRS requires individuals over a certain age to take a Required Minimum Distribution (RMD) from their tax-deferred retirement accounts each year. In this chapter, Rob shares how to calculate your RMD and what you need to know about taking them. 

 

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. While our best intentions are to provide accurate and timely information, you should always consult with retirement, tax, and legal professionals prior to taking any action.