If you’ve spent years successfully managing your own investments, do you really need a financial advisor? That’s the question Bob, one of our listeners, sent in. He’s got an MBA, knows the markets well, and has always handled his portfolio solo.

So, is working with an advisor just an extra expense, or could it actually add real value? In this episode, we break down when and why even experienced investors might benefit from professional guidance and when they’re probably fine on their own.

Here’s what we discuss in today’s show:

• Beyond just investments, where do financial advisors typically provide value that DIY investors might not consider?
• What are some common financial blind spots or mistakes that smart DIY investors tend to overlook?
• How should experienced investors plan for a future where they may not want (or be able) to actively manage their portfolio?
• What Lee would say to investors who are skeptical that an advisor could improve their financial situation

Want to set up a meeting with us? Visit us here: http://talkwithjp.com

Get more financial education at http://myretirementclarity.com

This week, Lee and Keith dive into Carl Richard’s timeless article, Pretending To Be An Investor Is Dangerous, and discuss how to avoid the common mistakes many people make when managing their investments, particularly as they approach retirement. They explore what it means to be a "pretend investor" and break down the six key behaviors that can derail your financial security- from obsessing over short-time market fluctuations to chasing the latest hot stock.

Tune in for a great discussion on how to focus on what truly matters- your financial health- while avoiding the distractions and fears created by the news cycle and peer pressure. You’ll learn why sometimes, ignoring the chatter is the smartest move you can make with your retirement funds.

Here’s what we discuss in today’s show:

• Staying committed to your long-term investment strategy instead of reacting to headlines
• Not letting daily market fluctuations sway your decisions
• Focusing on your personal financial goals rather than global economic events
• Avoiding the temptation to compare your strategy to others or chase the latest trends
• Recognizing that market volatility is normal- and not always a bad thing

Resources for this episode:

Check out more articles from Carl Richards here:

https://behaviorgap.com/

Want to set up a meeting with us? Visit us here: http://talkwithjp.com

Get more financial education at http://myretirementclarity.com

A recent article on Fortune highlights a growing trend among baby boomers: continuing to work well into their 60s and 70s. Surprisingly, this is not out of necessity, but for the mental stimulation, social connections, and fulfillment that work provides. With nearly 20% of Americans over 65 still employed, this shift is challenging traditional views of retirement and sparking important conversations about what it means to truly retire.

Join us as we explore this growing trend on today’s show. Lee has witnessed firsthand how retirement goals have shifted in recent years and is having more frequent conversations with clients about the evolving landscape of retirement. Is staying in the workforce the right choice for you?

Here’s what we discuss in today’s show:

• How Lee is seeing this trend in his own practice
• Lee's advice for those struggling with a loss of purpose or loneliness after leaving the workforce
• Financial considerations for those thinking about part-time or contracting work
• How working longer impacts the financial planning process
• The shifting attitude toward work and retirement in younger generations

Want to set up a meeting with us? Visit us here: http://talkwithjp.com

Get more financial education at http://myretirementclarity.com