Ep 218: Dissecting Financial Lies You Might Hear

Retirease Radio with Victor Medina CFP®, RICP®, CELA®

There are some financial advisors who are just flat-out liars, but that’s actually pretty rare. More often, advisors are guilty of making statements that they’ve been conditioned to say over the years, even if those statements aren’t exactly brimming with truth.

Today we’re going to take a little time to talk about why you should be cautious if you hear any of these statements from a financial advisor and try to explain what they might actually mean.

Here is some of what we’ll discuss in this episode:

• When an advisor tells you that they can beat the market, what should this tell you? (1:47)
• What if an advisor tells you are no fees for the work being done. (4:51)
• There’s always some level of risk in all decisions you make about your money. (7:56)
• It’s an outright lie if someone guarantees taxes will be much lower in retirement. (11:34)
• Paper losses versus real losses. (16:47)

About Retirease Radio:

Retirease Radio is hosted by Victor J. Medina, a Certified Elder Law Attorney (CELA®) and a Certified Financial Planner (CFP™). Founder of Medina Law Group & Palante Wealth Advisors, Victor and his companies are dedicated to empowering people through education about estate planning and their finances.

Connect:

Medina Law Group: https://www.jerseyestateplanning.com/

Palante Wealth Advisors: https://palantewealth.com/