Financial retirement

[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

[DAVES]

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

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.

[Dan9871]

If you are looking for a fiduciary to manage your investments, i.e. someone who only considers what is advantageous to you, you might check with Hallmark Capital Management, (407) 630-1448. They don't have an office here but are associated with Charles Schwab and use their offices in Lake Sumter Landing to meet with clients or will go to your home.

Raymond James in Brownwood seems to be pretty competent too. Note each Raymond James office seems to have completely different staffing; the people I have talked with are in the Brownwood office, 352.674-1690

Charles Schwab has an office in Lake Sumter Landing. Their advisors do NOT get commissions but are not necessarily fiduciaries either. But their advice is worthwhile. However they can help you find financial advisors who are fiduciaries. 352-430-3080.

There are a lot of the major stock brokerages and independent ones too, with offices in The Villages that will help you find a fiduciary to help you manage ,your wealth. Even though it is really time consuming it's worth your while to poke around at as many of them as you can.


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

[Babubhat]

Fidelity is staffed by competent advisors. Arrange for a meeting to see if you are compatible

[Toymeister]

Fidelity has an office in lake Sumter, 1057 Lake Sumter

[coralway]

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






Log onto your Fidelity account, Planning and Advice, Find an Advisor.

Been a Fidelity client since 1986. Anyone you get there is very helpful and their advice is golden.

[vintageogauge]

I have used and invested with several planners, advisors, etc. over the years and then I came across Fisher Investments. They are extremely thorough in analyzing your individual situation and make recommendations according to your wants and needs, they are not pushy and it takes several weeks and a few hours of your time and theirs to come up with a plan specific to you. Even if you choose not to go with them at the end the information you will receive is worth the time spent with them. They also have a lot of free services such as succession planing, tax help, wills and trust help, etc. and once you are with them you get what seems to be weekly informational videos and seminars, etc. They are located in Tampa however they do come to The Villages several times per year if you want to meet in person. I believe they have a minimum investment of $500,000.00 so they are not for everyone. If you want to talk with them I would recommend calling Heather Styles to get the ball rolling, you can search her name to see her credentials and contact information. Good luck in your efforts

[CoachKandSportsguy]

Actually, met with a Fidelity Advisor tonight, and there commission structure is not tied directly to what they recommend, but are paid salary from a pool of money which is paid to FMR, as a percentage of all assets under management, and then additional incentives for recommendations and other non direct sales. My money is already in Fidelity, so there is no additional charge for meeting and making a plan with you. . .

Good luck, but its a good step if you don't have any financial experience, or want to start again with a new advisor. I recommend one with either an MBA or CFP, CFP being preferable and MBA being dependent upon experience. At retirement i recommend starting with a 40/60 equity/fixed income,short term interest balance, as you are less interested in growth and more interested in preservation and income.

finance guy

[villagetinker]

We use Ameriprise, my advisor has a plan setup to fit our goals and has done very well for the last 15 years.

[biker1]

A couple of ideas:

Vanguard has a personal advisor service offering for 0.3% of the money under management. They will recommend Vanguard Mutual Funds and ETFs but given their large portfolio of funds and ETFs, that is not a bad thing. I have had a few conversations with them but have not pulled the trigger. Vanguard also has a robo-advisor offering for 0.15% of the money under management but there are some restrictions. Of the local people I have spoken with, Tom Ruggie of Ruggie Wealth Management made the most favorable impression on me. They charge 1% of the money under management. I am not using them either but may reconsider in the future.

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

[Babubhat]

Ameriprise sold my company funds that had excessive fees compared to competitors . Can’t recommend

[Michread]

Rick Ferri

Rick Ferri, CFA – Investment Analysis and Advice (https://rickferri.com/)

[GRACEALLEMAN]

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.



Vanguard is the lowest commission and highest wonderful service...has made us a lot of money and sage advice.

[Luggage]

Is to learn as much as you can yourself. If you truly have a lot of money, you need a tax lawyer, and accountant as well as a good insurance agent, and a stock brokerage with good agents as well. Then you have to mix the pot and use some common sense. There is nothing wrong with not being invested in the stock market if you're much older than the average person in The villages and there's nothing wrong with having 50% of your money in the stock market as well as long as you have a lot of money left over to cover you in case of a major recession. You should be talking to a lawyer basically because you want to have a Goodwill, and a living trust . It also depends of course on whether you're married or a single or have children and grandchildren you want to leave money too. As well as whether you want to spend it all before you go

[rlcooper70]

Interesting Concept you present. If you have money and want to keep it and get the market return ... just buy one of the Fidelity Funds that is geared to someone of your age. They automatically, as you age, morph into safer investment. If you are okay with more risk and still want a simple approach, just subtract ten years from your age and buy that fund. Keep it simple.

[petsetc]

My advice, take time to read Paul Merriman’s 3 free ebooks.
1. First-Time Investor
2. 101 Investment Decisions
3. Get Smart or Get Screwed (read this first!)

Found at paulmerriman.com

[dewilson58]

I agree with Luggage: Is to learn as much as you can yourself.

rlcooper70 has a good general concept....(does not have to be Fidel): geared to someone of your age

Agree with: If you truly have a lot of money, you need a tax lawyer, and accountant. AND
You may need to set up a will, trusts, medical stuff etc etc etc. MBA is not the right initials.

Lowest fees & rates do NOT always equate to the best net return to you.

A lot of talk about "fiduciary".......this piece of paper does NOT guarantee your best interest.

:popcorn::popcorn::popcorn:

[l2ridehd]

There are several very successful model portfolios out there that work very well. I like the Yale model but there are other very good one’s available. Use Vanguard, Schwab or Fidelity and only use their low cost index funds. The simplest one is to first use a tool to determine the best asset allocation based on your risk profile. Mine is 60/40. So I do 42% total stock market, 18% total international stock, 30% total bond and 10% total international bond with Vanguard. Re-balance to those % when they are off by 5%. Very easy, low cost, safe and low risk

[b0bd0herty]

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
Jean Ann Dorrell (SmartMoneyGirl) of Senior Financial Services. Amazing services specializing in retirements. Can't put down all of her achievements so left the link.
Jean Ann Dorrell - Certified Estate Planner, Estate & Retirement Advisor, Owner & Founder of Senior Financial Security, Inc. (https://senfinancial.com/)

[rspannuth]

Akh financial out of Daytona. Amanda is wonderful.

[bowlingal]

Merrill Lynch has my vote. Offices in Lake Sumter, quarterly meetings with me to go over my portfolio, available to me anytime if I have questions. Clay Palmer is the guy you want.

[Chi-Town]

Morgan Stanley is my choice. Solld company with excellent resources.

[retiredguy123]

I have always used Vanguard index funds, 40 percent in stocks, 30 percent in bonds, and 30 percent in cash. I have never paid anyone for investment advice. If you do a little research on your own, you don't need to pay for advice. The biggest problem with hiring a financial advisor is that many of them are more interested in making money for themselves and not for you. And, the least knowledgeable investors are the ones that are most likely to hire an unscrupulous advisor.

[jjombrello]

Strongly advise you contact Dale Cebert of Cebert Wealth. Has done wonders for us.

[charlieo1126@gmail.com]

I’ll just muddle along with my vanguard funds just like I have for the last 20 years having money taken out every month and adding a little more each year and hope to keep doing it for the next 20 , if you heard this before your right but someone doesn’t like the word muddle I guess because I never worked hard for my stock wealth lol

[dewilson58]

And, the least knowledgeable investors are the ones that are most likely to hire an unscrupulous advisor.

Agree.
True beyond investing.
May I modify your statement to:

And, the least knowledgeable are the ones that are most likely to hire the unscrupulous.

[bp243]

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
A CFP (certified financial planner) has the training to build a plan for you that is comprehensive, balanced, and in your best interest rather than favoring any one company.

[DAVES]

Log onto your Fidelity account, Planning and Advice, Find an Advisor.

Been a Fidelity client since 1986. Anyone you get there is very helpful and their advice is golden.

I've been with them longer than that. As far as advisors, I've had several over the years-some better than others. I am spoiled. I previously had a guy who had in the past been a fund manager. I agree all are helpful. They need to know quite a bit. A part of knowledge, which is sadly very rare, is knowing what you do not know. More than once I've had people say you want to talk to, I'll transfer you. Or you need to call back at normal business hours.

As implied, they are helpful. I am spoiled. In the past I had GREAT.

[manaboutown]

Two factors to consider when seeking an advisor are the size and nature of the portfolios they manage. Is their typical portfolio $1M, $10M or $100M, for example? Too, do they manage portfolios for mostly retired seniors who are likely income seeking or do they manage portfolios for working age families who are looking for growth?

[DAVES]

I have always used Vanguard index funds, 40 percent in stocks, 30 percent in bonds, and 30 percent in cash. I have never paid anyone for investment advice. If you do a little research on your own, you don't need to pay for advice. The biggest problem with hiring a financial advisor is that many of them are more interested in making money for themselves and not for you. And, the least knowledgeable investors are the ones that are most likely to hire an unscrupulous advisor.

Like most things there is no shortage of differing OPINIONS. Everyone's view is different
as well as assets, expenses risk tolerance, health, age, taxes and I'm sure I left out many others. I never give financial advice because I wish all well but will not accept or pay any damages for following my advice. As far as your 40% stocks, 30% bonds and 30% cash.
Many do not realize that if that is a bond fund those bonds are leveraged. They borrow on the bonds they hold to buy more bonds. That gets them higher than market yield as well as increasing risk. Cash-today due to very low yields, rising inflation and the fact that you pay your highest tax rate on any dividends on cash it is a net loss. That does not mean you do not need some cash for most IN MY OPINION 30% is high.

My point, one size does not fit all at least not well.

[Waltergh]

Wesley Martin, ChFC, CFP
Office (812) 542-1018
Fax (812) 542-1108
3707 Charlestown Road, Suite C2
New Albany, IN 47150
wes.martin@marinerwealthadvisors.com

Best Financial Advisor we have ever had. Puts your money where his money is.

[DAVES]

I’ll just middle along with my vanguard funds just like I have for the last 20 years having money taken out every month and adding a little more each year and hope to keep doing it for the next 20 , if you heard this before your right but someone doesn’t like the word muddle I guess because I never worked hard for my stock wealth lol

Warren Buffet listed in many places as the greatest stock picker is to me an interesting character. The guy is like 90 years old and he regularly says he buys stock for the long term. Buffet like has become, if I recall an adverb.

Buffet has admitted that he does not often beat the S&P 500. He has also said he lost 45 million on that trade-it was a mistake. If, people followed my advice and lost 45 million there would be a lot of people wondering how they could be so stupid as to listen to me.

We all make our own choices. The trouble is when we make money we scream how bright we are. When, we lose we want to blame someone else and have them pay our loss.

[stevesliders]

Kelley Pyles. CFP @ Royal Fund Management.352 750-1637

[Notsocrates]

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


"Wealth retention" implies a plan. That can be accomplished in a one-time consultation with a fee for service financial planner. It makes no sense to give a pct. Of your holdings every year to manage a passive account.

I have Fidelity, and it's great, but the reps work for Fidelity. You have pay an annual fee for fiduciary management,

[charlieo1126@gmail.com]

Henry Ford Sr once said after being caught late at night with a woman who wasn’t his wife never complain, never explain

[retiredguy123]

A CFP (certified financial planner) has the training to build a plan for you that is comprehensive, balanced, and in your best interest rather than favoring any one company.
Having completed the CFP course training, I would point out that a Certified Financial Planner (CFP) is not limited to the areas of investments and retirement. They are also trained in taxes, insurance, and estate planning. CFPs are often employed by insurance companies and estate planners. So, it is not always correct that a CFP is going to be an independent advisor that does not favor one company or product. That is especially true if they are employed by an insurance company. There are some insurance salespeople who have the CFP designation, and who aggressively promote annuities, which are rarely a good investment for most people.

[Stu from NYC]

Two factors to consider when seeking an advisor are the size and nature of the portfolios they manage. Is their typical portfolio $1M, $10M or $100M, for example? Too, do they manage portfolios for mostly retired seniors who are likely income seeking or do they manage portfolios for working age families who are looking for growth?

I would also ask about their background and experience.

Have come across so called financial advisers who have taken on line classes only or were former math teachers with a super duper computer program that does a great job of timing the market.

[manaboutown]

I would also ask about their background and experience.

Have come across so called financial advisers who have taken on line classes only or were former math teachers with a super duper computer program that does a great job of timing the market.

Yes. Their track record and their educational history would be the first things I would want to see and evaluate. I would also like to determine if their personality and general overall outlook on things would be a good match for me, like a physician's "bedside manner".

[bxmt54]

I totally agree with the recommendation of Raymond James in Brownwood. Steve Saylor and Jason Heaton are the best that I have ever used. Give them a call for a consultation…they will take your circumstances into consideration and make the best suggestions for your situation.

If you are looking for a fiduciary to manage your investments, i.e. someone who only considers what is advantageous to you, you might check with Hallmark Capital Management, (407) 630-1448. They don't have an office here but are associated with Charles Schwab and use their offices in Lake Sumter Landing to meet with clients or will go to your home.

Raymond James in Brownwood seems to be pretty competent too. Note each Raymond James office seems to have completely different staffing; the people I have talked with are in the Brownwood office, 352.674-1690

Charles Schwab has an office in Lake Sumter Landing. Their advisors do NOT get commissions but are not necessarily fiduciaries either. But their advice is worthwhile. However they can help you find financial advisors who are fiduciaries. 352-430-3080.

There are a lot of the major stock brokerages and independent ones too, with offices in The Villages that will help you find a fiduciary to help you manage ,your wealth. Even though it is really time consuming it's worth your while to poke around at as many of them as you can.

[Julie910]

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

I have been with Fidelity for years and really like my advisor: Nick Langler. He's at Lake Sumter office: 352-205-8836 ext 58186 Tons of analysis available to achieve your preferred financial goals.

[CoachKandSportsguy]

Having completed the CFP course training, I would point out that a Certified Financial Planner (CFP) is not limited to the areas of investments and retirement.

:bigbow::bigbow:

nice education!

[CZN715]

I agree 100%

[Joe C.]

Give Blackston Financial (on 466) a call. It will be worth your while. Ask for Travis and schedule a talk. He is a fiduciary, and I am totally satisfied with the results he has gotten for me. It never hurts to talk, and it costs you nothing but some of your time. I think you will find it informative and maybe even impressive.

[dewilson58]

I'll show you mine, if you show me yours.


Whatever piece of paper the advisor has hanging on the wall, show me your Net Worth and your investment portfolio.

Why listen to anyone who is not successful. I want to see wealth earned from investments. If an advisor is good, their unleveraged net worth should be $5mil or $10mil minimum.

Why talk to an advisor with a couple million dollar personal portfolio and an annual salary/commission of less than $100k???

:ho:

[DAVES]

I'll show you mine, if you show me yours.


Whatever piece of paper the advisor has hanging on the wall, show me your Net Worth and your investment portfolio.

Why listen to anyone who is not successful. I want to see wealth earned from investments. If an advisor is good, their unleveraged net worth should be $5mil or $10mil minimum.

Why talk to an advisor with a couple million dollar personal portfolio and an annual salary/commission of less than $100k???

:ho:

My view, my experience, when it comes to money, people will never tell you the truth.
Many people actually do not know the truth. A home worth a million does not count as a million in your net worth when you owe 999999.99 on a mortgage.

[Villageswimmer]

There are several very successful model portfolios out there that work very well. I like the Yale model but there are other very good one’s available. Use Vanguard, Schwab or Fidelity and only use their low cost index funds. The simplest one is to first use a tool to determine the best asset allocation based on your risk profile. Mine is 60/40. So I do 42% total stock market, 18% total international stock, 30% total bond and 10% total international bond with Vanguard. Re-balance to those % when they are off by 5%. Very easy, low cost, safe and low risk

+1. Wonder why there’s not a Bogleheads chapter in TV.

[Packer Fan]

I am an avowed do it yourselfer but I have run my plan by my Fidelity rep since it was free and he was actually quite helpful.

The problem with some advisors is they are either stocks or insurance (annuities) and may not give you a whole unbiased view like you need. Stock guys make money on percent of invested assets so they want you in the market. Insurance guys make money selling annuities and life insurance so they want you there.

Either way, it is easy to educate yourself. There are a lot of good podcasts and books. I would suggest if you want to read one good step by step guide read “ retirement planning guidebook” by Wade Pfau. He is excellent and lays it all out step by step. Balanced approach that makes sense. Then if you do get an advisor you are educated

[LHawk1950]

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

I encourage you to compare services / offerings from national firm(s) and then call or email 319 626 3580 timh@hawkinswealth.com