Is the financial advice you're receiving worth it? Goal statement: I now better understand how advice versus fees for that advice can separately affect my situation. (02:13) Pensions are mostly a thing of the past and Social Security is not going to replace your six figure salary that you and your spouse have. You are now responsible for your own retirement in this society. (04:26) When they came out then, so Vanguard, this low fee, low cost company, when they came out and said their research showed that having a proper advisor could add 3% per year in overall net worth growth above what you would have gotten without them? (06:13) Quote for the episode: " This study didn't even talk about things that a good comprehensive adviser will be doing for you, like taking advantage of say matching contributions through work, or analyzing your cash flow to maximize how much you could save every month, or making sure you have the right life insurance or disability insurance so it doesn't blow up all in your face." (10:07) Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.