Fiduciary Financial Advisors for Retirement Planning: What You Need to Know
Fiduciary Financial Advisors for Retirement Planning: What You Need to Know Understanding Fiduciary Financial Advisors Why Choose a Fiduciary for Retirement Planning? How to Find a Fiduciary Financial Advisor Questions to Ask Potential Advisors Conclusion Understanding Fiduciary Financial Advisors A fiduciary financial advisor is a financial professional who is legally and ethically obligated to act in the best interests of their clients. This means they must prioritize their clients' financial well-being over their own profits or any affiliations. Unlike advisors who operate under a suitability standard—only required to recommend "suitable" products—a fiduciary adheres to a higher standard of care, ensuring recommendations align closely with clients' specific needs and goals. Why Choose a Fiduciary for Retirement Planning? Retirement planning is a critical aspect of financial well-being, requiring trust and transparency between you and ...