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She had money saved for retirement. And she was terrified to talk to anyone about it.
"Van, I know I need help. But every time I think about calling someone, I get this knot in my stomach. They're just going to try to sell me something."
I've heard this a lot in 30+ years.
And the truth? That fear is 100% valid.
71% of people hate talking to salespeople. 96% research companies before they'll even speak to anyone. The financial industry has a trust problem.
But here's what most people don't realize:
Not all financial relationships are the same.
In this episode, I break down the THREE completely different approaches to retirement planning:
Approach #1: Full Fiduciary Management
- For complete beginners who want everything handled
- Advisor manages all details from A to Z
- You approve major decisions; they handle day-to-day
- Note: Usually requires $500,000+ in assets
Approach #2: Fiduciary Guidance with Shared Responsibility
- For those with financial sophistication who want to stay involved
- Advisory relationship without discretionary authority
- Similar to how advisors work with company retirement plans
- YOU make the final decisions with professional guidance
Approach #3: Comprehensive Fiduciary Planning
- For those who may manage their own investments
- Complete plan covering ALL six major retirement risks
- Addresses the BIG picture beyond just investments
- YOU implement the plan yourself
The Bottom Line: The biggest mistake isn't choosing the wrong approach. It's not starting at all because you're afraid of sales pressure.
In This Episode, You'll Learn:
- Why trust is the #1 obstacle (and what to do about it)
- The exact questions to ask ANY financial advisor
- Red flags that should make you run
- How to verify credentials and background
- Cost comparison strategies
- Which approach fits YOUR situation
FREE RESOURCE: Download the complete Retirement Planning Confidence Guide at: https://richards-financial-planning-llc.kit.com/9aece16592
Disclaimer: This podcast is for educational purposes only and does not constitute financial, legal, or tax advice. Please consult with a qualified professional for personalized guidance.
Van Richards, ChFC®, RICP®, Richards Financial Planning LLC, Houston, Texas
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By Van Richards, ChFC®, RICP®
5
11 ratings
Send a text
She had money saved for retirement. And she was terrified to talk to anyone about it.
"Van, I know I need help. But every time I think about calling someone, I get this knot in my stomach. They're just going to try to sell me something."
I've heard this a lot in 30+ years.
And the truth? That fear is 100% valid.
71% of people hate talking to salespeople. 96% research companies before they'll even speak to anyone. The financial industry has a trust problem.
But here's what most people don't realize:
Not all financial relationships are the same.
In this episode, I break down the THREE completely different approaches to retirement planning:
Approach #1: Full Fiduciary Management
- For complete beginners who want everything handled
- Advisor manages all details from A to Z
- You approve major decisions; they handle day-to-day
- Note: Usually requires $500,000+ in assets
Approach #2: Fiduciary Guidance with Shared Responsibility
- For those with financial sophistication who want to stay involved
- Advisory relationship without discretionary authority
- Similar to how advisors work with company retirement plans
- YOU make the final decisions with professional guidance
Approach #3: Comprehensive Fiduciary Planning
- For those who may manage their own investments
- Complete plan covering ALL six major retirement risks
- Addresses the BIG picture beyond just investments
- YOU implement the plan yourself
The Bottom Line: The biggest mistake isn't choosing the wrong approach. It's not starting at all because you're afraid of sales pressure.
In This Episode, You'll Learn:
- Why trust is the #1 obstacle (and what to do about it)
- The exact questions to ask ANY financial advisor
- Red flags that should make you run
- How to verify credentials and background
- Cost comparison strategies
- Which approach fits YOUR situation
FREE RESOURCE: Download the complete Retirement Planning Confidence Guide at: https://richards-financial-planning-llc.kit.com/9aece16592
Disclaimer: This podcast is for educational purposes only and does not constitute financial, legal, or tax advice. Please consult with a qualified professional for personalized guidance.
Van Richards, ChFC®, RICP®, Richards Financial Planning LLC, Houston, Texas