Questions To Ask a Financial Planner – Part Four
Hi there and thank you for stopping by today. Welcome to part four of questions to ask a potential financial planner. My name is Tina Anders. I am the owner and founder and certified financial planner for Anders Wealth Management located in Petaluma, California serving Sonoma and Marin Counties in the greater area.
Here’s one question that you can ask a potential financial planner. “How do you minimize risk while maximizing returns and limiting taxes regarding limiting taxes?” You’re looking for somebody who’s going to talk to you a little bit about tax loss harvesting, which is another one of my videos. Tax loss harvesting is a way for you to minimize taxation on your portfolio. Go ahead and look at that video if you’d like to, I won’t go into detail here.
But also minimizing risk and maximizing returns. You want someone who’s going to provide you peace of mind, in your financial life. There’s got to be a way for that person to minimize your risk and maximize your returns. And it has to do with, again, I’m going to mention sales loads, expense ratios, mutual fund or exchange traded fund managers, things like that. You want someone who’s going to look into that, minimize your risk, but maximize your returns by choosing the appropriate investment portfolio allocations and targets for you.
Another question and this is really important. “How do you focus on capital preservation and income?” And another way of asking that question would be, how aggressive are you going to be with my portfolio? The answer you’re looking for is, yes, we focus on capital preservation and income because that is in your best interest over the long term. I focus on capital preservation income from my clients so that not only are they comfortable now, but what they’re doing now is going to have a significant, hopefully positive impact, on their future financial life. Capital preservation and income are very important, as are minimizing risk and maximizing returns as well as limiting taxes.
The last question that I’m going to leave you with today is that you would want to ask a potential financial advisor is, “do you take a conservative approach to investing”? Because… that’s important for me as a potential client, so that I can live comfortably now. But also if I want to leave a legacy in my future. The answer is obviously Yes you want someone who’s going to take a conservative approach to investing to provide you a comfortable lifestyle now, and if you want to leave a legacy for the future. And there are ways to do that, and if you’d like to know more, feel free to comment below. I would love to hear from you.
That is it for today. Thanks again for stopping by. I appreciate you listening in. Comment below with any questions, comments, or if you have any topics you would like me to discuss in the future, I will try to put a video out for you. Thanks again. I am in your corner.