Tag: financial advisor

Navigating Financial Advice: A Guide to Finding the Right Advisor
March 13, 2025 Off

Navigating Financial Advice: A Guide to Finding the Right Advisor

By The Admiral Staff

The article explores how to choose a financial advisor, noting the term is broad and encompasses various types with different qualifications. It outlines six categories: wealth managers (for high-net-worth clients), brokers/investment advisors, Certified Financial Planners (CFPs), Chartered Financial Consultants (ChFCs), financial coaches, and robo-advisors. The piece emphasizes the importance of understanding advisor fees, recommending fee-only advisors (who operate under a fiduciary duty) over fee-based advisors (who

The Retirement Shift: Protecting Your Future When It’s Within Reach
December 22, 2023 Off

The Retirement Shift: Protecting Your Future When It’s Within Reach

By The Admiral Staff

As retirement nears, it’s crucial to shift from wealth accumulation to wealth preservation. Experts recommend six steps: understanding your financial stage (entering the “pre-retirement” phase), updating your financial plan to account for potential expenses and tax changes, considering a financial advisor, optimizing your 401(k) by reducing risk and diversifying investments, carefully evaluating whether to roll over your 401(k) to an IRA, and being prepared to adjust your plans if necessary. The article