Entrusting your life savings to a financial advisor requires careful consideration and due diligence, especially when it comes to managing large IRAs. Before handing over your hard-earned nest egg, it’s crucial to ensure that your advisor possesses the necessary expertise and experience to handle the responsibility. To help you navigate this, we’ve compiled a list of ten crucial questions to ask your advisor about IRAs.
By asking these questions, you can identify potential red flags and gain peace of mind knowing that your financial future is in good hands. In this episode, we’ll provide you with key questions to ask your financial professional and offer guidance on what responses to look for. By taking the time to ask these questions, you can make informed decisions about your financial future and safeguard your life’s savings.
Here are a few of the questions we’ll highlight in today’s episode:
- IRA distribution planning requires specialized knowledge. Do you have expertise in this area? [8:07]
- What professional training do you have in IRA distribution planning? What courses or programs have you taken? [10:40]
- What is the latest IRA tax rule you are aware of? When did it occur? [15:25]
- Who do YOU turn to when you have questions on IRA distribution planning? No one can know it all. [19:30]
Listen to more of our conversation in the podcast or reach out to us to talk about your financial situation and goals.