#Money guy pro how to
#Money guy pro professional

What type of advisor are they? How do they receive compensation?.

This means they always put your interests ahead of all others, including their own.īo and Brian also suggest asking the following before hiring an advisor to help you manage your finances:

You should always look for someone willing to work with you as your fiduciary. The guys also touch on what characteristics your financial advisor should have, and what questions you can ask them to make sure they’re a good fit for you.

They are well-established and have a history of success, as they will be less likely to recommend products based on commission.

(You want to make sure your agent is truly looking out for your best interests!)

They look for holes in your insurance coverage.

They set annual reminders to check-in with you to see if you’ve gone through any big life changes recently.

If you’re not with one of these companies, seek out an agent who will look out for you in the following ways: So how can we make sure we end up with a respectable insurance agent who is only recommending products that will truly benefit us?īo and Brian acknowledge that Amica, USAA, and Auto Owners are the three leading property and casualty insurance companies according to Consumer Reports. What Should You Look for in an Insurance Agent?Įveryone needs insurance of some kind - there’s no way around that.

#Money guy pro professional

What do you want to get out of the transaction? Are you looking for just a tax preparer, who will have you in and out of the office within an hour? Or are you looking for someone that will also help you with tax planning for the upcoming year? What you need will help you determine which professional is right for you.(Make sure your tax preparer will check on these things if you’re hiring one out-of-state.) Your tax preparer should be well aware of the intricacies of the credits and deductions offered by your state and local government.Knowing your tax preparer’s tax background sounds like a no-brainer, but you want to find out if they specialize in your situation.What Should You Look for in a Tax Preparer?īrian tackles this question right off the bat, citing a wonderful article written by Kelly Phillips on Forbes: 11 Questions To Ask When Hiring a Tax Preparer.īrian goes through a few of these questions and offers his perspective:

#Money guy pro how to

This episode will also provide you with a better idea of how to vet each one so that you end up a happy client. The guys walk you through the important questions to ask each of these individuals in order to make sure they’re in the right position to help you.

These are services nearly everyone uses (or should use!), and it’s important to connect with a financial professional who can actually provide value. It’s the first podcast of 2015! Brian and Bo are kicking off the New Year by giving out valuable advice on what to look for in a financial professional - be it a tax preparer, insurance agent, or financial advisor.