Personal Finance News Tuesday 3/26

Phil's Personal Finance Tip of the Day:

5 Qualities of a Great Retirement Advisor

From Dave Ramsey.com

Your retirement advisor will play an important role in your retirement plan. Surveys show that investors credit their advisors with helping them get better returns as well as improving their knowledge about investing and giving them peace of mind about the future.

How can you spot an advisor you can trust for the long haul as you save and invest for retirement? Here are five important characteristics to look for:

 

Experience

You’ll want an experienced advisor who’s familiar with the stock market’s cycles. Investing studies show that it can take 20 years or more for an investment to ride out the ups and downs of the stock market and produce solid returns. But many investors hold their investments fewer than four years because they make decisions based on fear or greed—and they miss out on as much as 38% of their investments’ growth. Your advisor will remind you that you’re invested with a long-term view and your retirement fund will bounce back when the stock market does.

To read the entire article from Dave Ramsey.com:
http://www.daveramsey.com/blog/5-qualities-great-retirement-advisor

Inspirational Quotes@Inspire_Us from Twitter:
Look at life through the windshield, not the rear view mirror. -Byrd Baggett

Hi my name is Philip J. Miano and I am the founder of PJM Personal Finance and Productivity Coaching specializing in Budgeting, Debt Reduction, Bank Reconciliations, Goal Setting, Time Management, and Organizational skills. Please visit my website: http://pjmcoaching.com.