058. Breaking up with your financial planner - Why and how to do it

The financial services industry often profits from the misconception that managing your investments is too complex, leading you to believe that you should pay them to do it for you. This just isn’t true, and we debunk this myth and explain how to transition from relying on a financial advisor to managing your own investments. Andrew joins this week’s podcast as we talk about: - Why it’s so important to consider the long-term cost of financial advisor’s fees - The differences between a commission-based and fee-based/hourly financial advisor - Why you don’t need a commission-based financial advisor or planner - Examples of how much fees add up and impact your financial growth - Historically average market returns beat financial advisor portfolios  - How to break up with your financial advisor  - A specific email or phone script for what to say to end the relationship - The specific process of transitioning from an advisor to managing on your own - Gain the confidence to learn how to invest in low cost index funds yourself Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/058-breaking-up-with-your-financial-planner-why-and-how-to-do-it/