Financial Advisor Hammond Area

Avoid anyone trying to sell whole life insurance, loaded funds, or charging % of assets under management. Even a 1% fee can cost you something like 28% of accumulated balance over 30 years.

The only way I'll use a financial advisor is if they charge a fee only (but not AUM) and are a fiduciary. XY Planning Network and FeeOnly Network provide a place to find fee only local advisors. I've searched them but havent pulled the trigger yet myself.

Just buy Jordan Belfort’s book, baw.

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they just pitch loaded mutual funds

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Spent like 5 year with a guy doing American Funds and holy shite. It was like 5+%.

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sounds like edward jones

Ask your peers in the area for recommendations.

Unfortunately, this board is not a great place to find good advisor referrals - and for good reason. The subset of people that post here and also use a financial advisor of some type is incredibly low - money forums are mostly do-it-yourselfers, so most on here don’t use an advisor at all. Also, the majority of “I use so and so and they’re great” posts are probably coming from that advisor himself or one of their family members.

Best thing you can do is ask people you respect within your network. You’ll get a few names, and you can and should visit with a few to find a good fit.

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My clown didn't know the income cap on ROTH's. I was floored.

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I can believe it. There are shitty financial advisors out there, just like any other field.

, what’s a Roth IRA?

Read a book like simple path to wealth by JL Collins or something similar before meeting with financial advisors. Definitely avoid high fee advisors.