Fullerton Financial Hour

The basics to accumulating wealth are make money, save money, invest money. Yet, with so many options available for investing and so many factors to consider (long-term goals, short-term needs, protection, volatility, etc.), the prospect of even getting started can be daunting. Laying out the basics of asset classes, the principals of diversity (among asset classes AND non-correlated markets) and ways to find protection, a simplified, high-level discussion of investing can help consumers of many wealth profiles make decisions amidst the noise of overwhelming choices.

A clarion call has gone out across the country that, with 10,000 boomers retiring every day, we are reaching a retirement crisis, as those looking toward retirement fear running out of income in retirement. With so many choices, options and expectations to meet, where, exactly, do we stand? What has caused the new concern for savings? And how can people prepare, or even over-prepare? Taking advantage of savings offers, expanded tax-qualified account limits, budgeting tools and insurance products, it’s time to outline the basics of how to save enough for retirement.

We’ve all heard that you get what you pay for, but do most people even know what they’re paying for in the first place? There are several ways for financial professionals to be compensated, and most agents have a mixture of commissions and fees that make up their revenue. Bottom line, it’s important for consumers to be knowledgeable about how their financial professional is compensated, in addition to being comfortable with the level of service they are paying for.