Are you paying more than you need for financial advice? In this video, Peter with Richon Planning and Erin Kennedy break down the pros and cons of working with "fee-only" versus "fee-based" financial advisors.

It's important to know that both structures have different tax implications and perhaps different incentives for the advisor. An advisor who works on commission may not have your best interests at heart, whereas an advisor who charges a percentage of your managed money does have a vested interest in your financial success.

If you'd like to learn more about how each option could affect your taxes and long-term retirement goals, please call Peter at (919) 300-5886 or visit www.RichonPlanning.com