“It is truly deplorable that there are so many financial advisors our there who sell retirement products with their own bottom line in mind instead of their clients’.
Cherry Hill NJ (PRWEB) March 04, 2014
Assisting investors planning for their retirement in selecting the best financial advisor for their needs is the goal of an updated article at Safemoney.com. It’s important for investors to choose an advisor who truly understands all the retirement investment options, rather than someone who works for one of the big insurance companies, according to Wealth Planner Brent Meyer.
“It is truly deplorable that there are so many financial advisors out there who sell retirement investment products with their own bottom line in mind instead of their clients’,” said Meyer, who founded Safe Money Resource in 2006. “Others are simply under-educated, and unaware that the products they’re selling will not provide the retirement income their clients are looking for. Either way, this is bad news for investors. Safe Money Resource and SafeMoney.com can help.”
Most insurance companies use “captive” advisors, meaning the financial advisor can offer products – such as annuities, life insurance, and long-term care insurance – from only that single company. Alternatively, there are independent financial advisors who are able to offer a range of investment and insurance products from a variety of companies.
“The big insurance companies are massive marketing machines that target investors – and financial advisors – with literature that pumps up the supposed benefits of their products and often leaves out the downside, like fees that could take a big bite out of the investor’s final payout,” Meyer explained. “They purposely keep their advisors – and through them, their individual clients – in the dark about the potential pitfalls of the products they’re pushing. Their goal is to make money on investment products that they are fully aware may not pay their clients as much as they report in their sales materials.”
If securing a guaranteed lifetime income is a top priority, it is important that investors do their homework to be sure the products they buy will perform as planned. To help, safemoney.com is offering updated information on how to choose the best financial advisor and retirement investment products at http://safemoney.com/hot-topics/guaranteed-lifetime-income.
“Safe Money Resource is a network of independent financial advisors across the United States, each a licensed professional who is not in the pocket of any insurance company,” said Meyer. “Our ethical, qualified ‘Safe Money Approved’ advisors have the freedom to offer a variety of products from different companies, and are committed to educating themselves on the specific costs and benefits of every product they sell. This means their clients have a larger choice of options based on their individual needs, and can plan on guaranteed retirement income they can’t outlive.”
Numerous articles and tips on retirement planning and investing are available at Safemoney.com, including sections detailing the various types of annuities and life insurance policies. SafeMoney.com is not an insurance company, but a resource for information on topics related to retirement investing. Visitors to the site can research their investment options, get a free guide on annuities, and find an independent, ‘Safe Money Approved’ financial advisor in their region