Skip to main content

It’s okay to be selfish with your money when it comes to retirement planning. You’ve worked hard to earn and save so you need to have an advisor that puts your interests first. Let’s discuss the ways you might be able to tell when your advisor isn’t right for you. Plus, we’ll address the pessimism in the market and tell you how politics might impact your investments.

[spp-player url=”″]

Having a financial advisor to help guide you to retirement can be such a positive experience for investors, but that’s not always the case. Sometimes an advisor just doesn’t fit for whatever reason.

Often times we let personal relationships impact our decisions. Other times we might not want to deal with confrontation. These are two of the reasons we make when sticking with an advisor that doesn’t line up with our goals and needs. Ryan and Bob will share the most common reasons they hear for why clients stick with advisors that aren’t a great fit on this episode of the No Payne, No Gain podcast.

Don’t be afraid to sit down with your advisor and have a conversation if any of these reasons describe your situation. It’s your money and no one is going to care as much about it as you will so do what you feel is best.

We’ll also share the financial propaganda we found over the last week dealing with stock market reality versus pessimism and bonds buying riskier debt.

We’ll close out the show with two mailbag questions from listeners. The first asks about Brexit and the upcoming midterm elections and whether we should be taking any action to protect our portfolio. The second is about required withdrawals and the tax effects.

0:32 – Previewing everything coming on today’s show.

1:40 – Financial advisors: why it’s crucial you’re receiving the help and advice you need.

2:01 – One thing we hear a lot from clients is they like their advisor personally but their portfolio hasn’t moved much.

3:35 – Another thing we hear a lot is people don’t understand what their advisor is telling them but they blame their lack of understanding money.

4:50 – How often are you meeting with your advisor? Are they returning your calls?

8:04 – Financial Propaganda of the Week segment

8:25 – The headlines are all about stock market reaching an all-time high but more and more people are becoming bearish. It’s the lowest percentage of bulls in the last 20 years. But is this a good sign for stocks?

11:08 – A client story exemplifies the way we ignore the good and focus on the bad.

12:13 – Ryan found an article on bond funds buying riskier debt. Why is this happening?

16:16 – Mailbag time!

17:10 – Mailbag question: With all the headlines about Brexit and the upcoming midterm elections, what actions should I be taking to protect myself?

20:00 – Mailbag question: I just turned 70 and I’m about to retire. I started looking at how much I’ll have to start withdrawing. I’m going to end up having a higher income in retirement than I have working. Can they really make me withdraw that much?

“Pessimism is the best kind of optimism for stocks.”

– No Payne No Gain Podcast

Let’s talk

Contact us for a consultation with our financial advisors to start a personalized plan

Get Started

Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Payne Capital Management, LLC), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from Payne Capital Management, LLC. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Payne Capital Management, LLC is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of the Payne Capital Management, LLC’s current written disclosure statement discussing our advisory services and fees is available for review upon request.

Sign Up to Never Miss an Episode!

Get Payne Points of Wealth directly to your inbox each week.