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☆ Hiring a retirement adviser might be a good idea if you're within 10 years of leaving work
  + stars: | 2020-05-19 | by ( Tanza Loudenback | Read More | Read Less | ) www.businessinsider.com   time to read: +6 min
It might be a good idea to hire a retirement adviser if you're within 10 years of retiring. Above all, look for a retirement adviser who is a fiduciary. Retirement advisors have extensive knowledge of investment markets, workplace retirement plans, pensions, and Social Security. There are three main types of financial advisors:Traditional financial advisors: Advisors that can provide personalized advice and product recommendations based on a client's needs and goals. They are also dShould I Hire a Retirement Adviser?
☆ You Can't Always Trust Your Friend's Money Advice
  + stars: | 2012-06-19 | by ( Jon Stein | Read More | Read Less | ) www.businessinsider.com   time to read: +6 min
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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