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☆ How top-ranked financial advisors are responding to near-retiree concerns about inflation, longevity
▼ + stars: | 2022-10-31 | by ( Annie Nova | ) www.cnbc.com time to read: +5 min

We asked four of the financial advisors who made CNBC's FA 100 list in 2022 what they're hearing from their older clients and how they're responding. 1 on CNBC's FA 100 list. A new concern, Harlemert said, is the impact rising interest rates are having on people's pensions. The value of a pension is based, in part, on current interest rates, he explained. For the last 10 years, he said, they've seen their pensions mostly rise in value as interest rates have remained at historic lows.

☆ How to Find a Financial Advisor
▼ + stars: | 2022-10-21 | by ( ) www.wsj.com time to read: +12 min

Read on to get started:Types of financial advisorsMany financial professionals, including financial planners, securities brokers, investment managers, and insurance brokers call themselves financial advisors so it’s important to know exactly what services an advisor provides before hiring one. Financial advisor designationsThere are myriad designations for financial advisors but only a handful that indicate the expertise most consumers need. Advisor fees and minimumsHow a financial advisor gets paid can be as important as how much you pay them because you want an advisor whose paramount consideration is your best interest, not their own, and whether or not that is the case is largely determined by how you pay them. How to find a financial advisorFinding a financial advisor is not so different from finding any other specialized service you’re in the market for. The right financial advisor can help navigate your financial life, from budgeting everyday spending to fulfilling long-term financial goals over a lifetime including the purchase of a home and a comfortable retirement.

CNBC's Jim Cramer, on the other hand, bought 2-year Treasury notes for his personal portfolio. With short-term notes, investors can get the high yield without a long-term commitment. A direct purchase from the government You can buy Treasurys directly from the U.S. government through its website, TreasuryDirect.gov . Exposure through a bond fund You can also get exposure to the bond market through mutual funds and exchange-traded funds. For instance, a short-term Treasury bond fund could have issues with maturities ranging between one and three years.

How you can start buying stocks today401(k) or IRA A common method for everyday investors to put aside their money is by using either a 401(k) or an individual retirement account (IRA). Fidelity Investments Learn More Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected. Vanguard Learn More Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected. For example, Betterment doesn't require clients to maintain a minimum investment account balance, but there is a ACH deposit minimum of $10. Wealthfront Learn More On Wealthfront's secure site Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected.

The spike in short-term Treasury yields may have some investors thinking about adding the notes to their portfolio. CNBC's Jim Cramer, on the other hand, bought 2-year Treasury notes this week for his personal portfolio. Buying through a brokerage You can also purchase Treasury notes on the secondary market, going through a brokerage firm. For instance, a short-term Treasury bond fund could have issues with maturities ranging between one and three years. See below for four short-term Treasury funds.

A Registered Investment Advisor (RIA) is a professional firm that manages the assets of clients and offers investment advice. During your search, you may have learned about Registered Investment Advisor (RIAs). And how does a Registered Investment Advisor differ from all those other folks offering financial advice? What is a Registered Investment Advisor (RIA)? What does the "registered" in Registered Investment Advisor mean?

First, it's quite likely your friends don't know what the heck they are talking about, whether it comes to recommending specific investments or brokers. AdvertisementHowever, the best financial advisors or broker doesn't have to be Bernie Madoff to tell you your friend's advice sucks. Take a look at a study entitled The Market for Financial Advice: An Audit Study, released earlier this year by the National Bureau of Economic Research. Related storiesYou just know that some of these testers were recommending their new guy to their friends too. The best financial advice is boring.

Persons: Warren Buffet, Bernie Madoff, Sendhil Mullainathan, Sohn, Jon Stein, Jon Organizations: Survey, Consumer Finances, Madoff, National Bureau of Economic Research, Harvard University, AARP, Consumer Federation of America, Investment Advisors, Sohn Investment, Securities Representative, Harvard University ( Economics, Columbia Business School

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