Category: Finding a Financial Advisor

More Frequently Asked Questions About Our Services

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Published: August 5, 2019

Smart planning delivers an increase in retirement income when compared to an unplanned approach*. How do your services work? With each new client, we begin by developing a comprehensive, customized plan delivered over three strategy meetings each spaced about 2-3 weeks apart. We call this going through our Juicing® process – it is designed to help you “squeeze” more out of your money. Your financial plan projects how well prepared you are to meet your retirement goals. A plan is necessary in order to make the appropriate investment recommendations. Once the plan is understood, the majority of Sensible Money clients hire us for an

Sensible Money Ranked One of Best Phoenix Financial Advisors

Sensible Money Ranked One of Best Phoenix Financial Advisors

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Published: June 14, 2019

In 2019, for the third year in a row, Sensible Money was ranked by an independent rating firm, AdvisoryHQ, as one of the top ten financial advisory firms in the Phoenix and Scottsdale area. This reward does not require us to pay a fee or buy an ad in a publication. (Many “top financial advisor lists” solicit expensive ads from the firms they select.) AdvisoryHQ explains their policy as follows, “Firms do not pay for their ranking or our award emblem. In fact, most firms do not even know that they are being reviewed and ranked by AdvisoryHQ until after our reviews

Retirement Planner or Financial Planner – Which Do I Need?

Retirement Planner or Financial Planner – Which Do I Need?

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Published: June 1, 2019

There is a difference between a retirement planner and a financial planner in the same way there is a difference between a cardiologist and a family practice doctor. They both start off with the same basic training, but one has gone on to become a specialist. Financial planners are trained to help you accumulate and invest your money. Retirement planners have additional training to help you figure out how to use this money to generate reliable paychecks in retirement. Just like your heart, you need your retirement money to last the rest of your life; if there was ever a time to

The Scoop on Fee-only Financial Advisors

The Scoop on Fee-only Financial Advisors

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Published: August 24, 2018

Do you know how your financial advisor is compensated? A lot of people don’t. And maybe you don’t care. But you should. It can impact your wealth and the quality of advice you receive. I heard about this first hand from a friend recently. She shared with me that her MBA-degreed 60 year-old-brother, Michael, admitted he didn’t know how his financial advisor Meg, affiliated with one of the country’s top brokerage firms, made her money. Michael, with $3,000,000 in investments, is a pretty savvy fellow. How could he not know how Meg earns her keep? Is she a fee-only advisor that

What Does a Financial Planner Do?

What Does a Financial Planner Do?

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Published: May 4, 2018

I am a financial planner. I own and run a financial planning firm. Our primary job is to make a projection and a plan that shows you the decisions that you can make that will help you achieve long-term financial success. Should you pay extra on the mortgage or put it in your 401(k) plan? What type of insurance do you need? Should you refinance? Buy that stock or use a mutual fund instead? We have answers to these questions. In a nutshell, financial planners answer questions. How Financial Planners Answer Questions Financial planners gather information and financial statements and put the

Does the New Fiduciary Rule Matter to You?

Does the New Fiduciary Rule Matter to You?

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Published: April 27, 2017

Not all financial planners or advisors have to consider what is in your best interest when they make investment recommendations. A large number of them make recommendations that they think are appropriate, but they don’t have to have supporting documentation or research to show why this recommendation is in your best interest. In many cases, these advisors are trained sales people and are unaware of other options that may be a better fit for your financial circumstances. However, a new law may begin to change this. A “fiduciary” is someone who legally and ethically must act in their client’s best interest.

10 Tips on How to Find the Best Financial Advisor

10 Tips on How to Find the Best Financial Advisor

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Published: September 15, 2016

The last thing you want to find is a cheap financial advisor. The most important thing you want to look for is competency. Competency is different than trust. Yes, trust is important, but it is a feeling. It is entirely possible to trust someone that is not trustworthy. Competency, meaning someone who knows what they are doing, should be the number one criteria you look for. How do you find a great, competent financial advisor at a price that is reasonable? The ten factors below should help you out. 1. Understand the Difference in Service Offerings The term doctor is pretty broad, right? Yet,