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Originally Posted by Henryfrakl
Looking for name of an advisor preferably from Fidelity or another national firm. That truly understands wealth retention and income.
Thanks in advance for any advise.
Henry
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There is a difference between a financial advisor and say,"from Fidelity." Fidelity is a brokerage. They will help you to buy Fidelity products. They will not say there is a better alternative from a competing brokerage. MY OPINION Fidelity has a major advantage in the villages as unlike others that are on line you can stop by at their Lake Sumter office.
For me a big plus. Paperwork such as required minimum withdrawals, mistakes can be very expensive, correcting mistakes can be a real pain. My view about most things, it is better to do it right the first time and having someone more skilled than I am review it -helps avoid mistakes. Fidelity has a very broad line. If, you want a fund that investing in almost anything you can think of it is likely that Fidelity has one or more.
"That truly understands wealth retention and income," that is first of all perhaps the job of a financial advisor. They would or should have you explain what wealth retention and needed income mean to you. You may need to set up a will, trusts, medical stuff etc etc etc. A financial advisor. No one works for free. Some are paid by commissions on what they sell you, thus a bias for high commission items. Others are paid fee for time and you put the plan into effect at one of the brokerages some of the popular ones are Fidelity, T. Rowe Price and Vanguard-in alphabetical order.