“Jill gives great advice except for when it comes to using a financial professional. For example, many do it yourself clients panicked and sold out of the stock market when Covid hit in March 2000 and did not get back in until the market recovered. That could be devastating to a retirement plan, and suddenly the 1% fee you pay a CFP to manage your assets doesn’t seem so costly. And that doesn’t even scratch the surface in terms of the value working with a CFP offers. Investor behavior is the biggest factor in the performance of a portfolio. A CFP can help investors avoid devastating behavioral mistakes. Can’t put a price on that.”
PhillyDZ11 via Apple Podcasts ·
United States of America ·
08/27/23