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I'm A 3rd Gen Advisor. Here's What I Tell Every Client At 62
Get started on your retirement strategy here: https://www.demarsfinancial.com/start-here?utm_source=Youtube&utm_medium=Videolink&utm_campaign=46203
📋 The Retire Once Guide (free) — find out whether you're actually ready to pull the trigger: https://www.demarsfinancial.com/retire-once-guide
Most retirement advice was built to help you grow your money. Almost none of it was built to help you actually use it.
Taylor is a third-generation financial advisor, and after watching this industry change from the inside since his grandfather started his firm in 1975, here's what he's learned: the word "financial advisor" can mean three completely different jobs, all wearing the same business card. One sells products. One manages a portfolio. Only one actually plans your retirement. And at 62, that difference can quietly cost you a real piece of what you spent a lifetime building, plus the part no statement will ever show you.
In this episode, he breaks down how the industry got stuck optimizing the wrong half of retirement, the three ways that gap costs you, and four questions you can use to tell whether your plan is actually built for this part of your life, whether you have an advisor, you're shopping for one, or you're doing it all yourself.
Chapters
0:00 — The questions no one's answering at 62
1:18 — Why "financial advisor" tells you almost nothing
2:07 — When the job was just selling products
3:01 — The rise of the portfolio (and "fee-only")
5:06 — The meeting that changed how Taylor sees this work
6:33 — The job retirement actually requires
7:55 — Cost #1: The years you can't get back
9:58 — Cost #2: Money, but no plan to use it
11:28 — Cost #3: The plan only one spouse understands
13:06 — The fix: reverse the order
14:02 — 4 questions to pressure-test any plan
15:10 — What to do next
Resources:
Website:Â https://www.demarsfinancial.com/
Phone: (509) 536-9556
Schedule an introduction call with Taylor: https://bit.ly/demarspodcast
Check out Taylor's YouTube Channel: https://www.youtube.com/@TaylorMadeRetirement
Taylor's Newsletter: https://demars-financial-group.kit.com/827c64fe0e
Disclaimer: Since we don't know your specific situation, none of this information should be construed as tax, legal, financial, insurance, financial advice, or other advice and may be outdated or inaccurate. It is your responsibility to verify all information yourself. This content is prepared for entertainment purposes only. If you need advice, please contact a qualified CPA, attorney, insurance agent, financial advisor, or the appropriate professional for the subject you would like help with. Demars Financial Group, LLC or its members cannot be held liable for any use or misuse of this content. Advisory services offered through Demars Financial Group LLC, a Registered Investment Advisor. Demars Financial Group is not affiliated with LPL Financial.
View all episodes
By Taylor Demars, CFP®Get started on your retirement strategy here: https://www.demarsfinancial.com/start-here?utm_source=Youtube&utm_medium=Videolink&utm_campaign=46203
📋 The Retire Once Guide (free) — find out whether you're actually ready to pull the trigger: https://www.demarsfinancial.com/retire-once-guide
Most retirement advice was built to help you grow your money. Almost none of it was built to help you actually use it.
Taylor is a third-generation financial advisor, and after watching this industry change from the inside since his grandfather started his firm in 1975, here's what he's learned: the word "financial advisor" can mean three completely different jobs, all wearing the same business card. One sells products. One manages a portfolio. Only one actually plans your retirement. And at 62, that difference can quietly cost you a real piece of what you spent a lifetime building, plus the part no statement will ever show you.
In this episode, he breaks down how the industry got stuck optimizing the wrong half of retirement, the three ways that gap costs you, and four questions you can use to tell whether your plan is actually built for this part of your life, whether you have an advisor, you're shopping for one, or you're doing it all yourself.
Chapters
0:00 — The questions no one's answering at 62
1:18 — Why "financial advisor" tells you almost nothing
2:07 — When the job was just selling products
3:01 — The rise of the portfolio (and "fee-only")
5:06 — The meeting that changed how Taylor sees this work
6:33 — The job retirement actually requires
7:55 — Cost #1: The years you can't get back
9:58 — Cost #2: Money, but no plan to use it
11:28 — Cost #3: The plan only one spouse understands
13:06 — The fix: reverse the order
14:02 — 4 questions to pressure-test any plan
15:10 — What to do next
Resources:
Website:Â https://www.demarsfinancial.com/
Phone: (509) 536-9556
Schedule an introduction call with Taylor: https://bit.ly/demarspodcast
Check out Taylor's YouTube Channel: https://www.youtube.com/@TaylorMadeRetirement
Taylor's Newsletter: https://demars-financial-group.kit.com/827c64fe0e
Disclaimer: Since we don't know your specific situation, none of this information should be construed as tax, legal, financial, insurance, financial advice, or other advice and may be outdated or inaccurate. It is your responsibility to verify all information yourself. This content is prepared for entertainment purposes only. If you need advice, please contact a qualified CPA, attorney, insurance agent, financial advisor, or the appropriate professional for the subject you would like help with. Demars Financial Group, LLC or its members cannot be held liable for any use or misuse of this content. Advisory services offered through Demars Financial Group LLC, a Registered Investment Advisor. Demars Financial Group is not affiliated with LPL Financial.