Your Future Shouldn’t Be For Sale

Your Future Shouldn’t Be For Sale

January 14, 2020 0 By Luis Garrison


Most people trust their insurance agent. They take care of your insurance needs. So why not your retirement needs, right? Wrong. And thinking that might be one of the biggest miss out there. (upbeat music) Hi, I’m Bradford Ferguson with
Halter Ferguson Financial. And I get it. You trust your insurance
agent for good reason. If you have a fire,
flood, accident or theft, your insurance agent is
there to help you through it. They’re your life rack
when you’re adrift at sea. Investing for a retirement
is just as scary and you want someone to trust. So it’s easy to fall into that trap. But an insurance agent makes
their money from selling. They get their cut on the front end. And if you find out later that the annuity or whole life insurance
policy that they put you into isn’t right for you, they
keep their commission because your insurance agent
is ultimately a salesman. And let me ask you, do you
completely trust a salesman? No, of course not. From cellphone to car shopping, they’re always looking for the upsell. So where should you go when you need help with your retirement? How can you get the help you need? You need a financial advisor
who puts your needs first. And guess what? There’s a term for that. It’s fiduciary. A fiduciary is legally obligated to act in your best interest. You should also look for fee only. There are no commissions when
your advisor works by a fee. Never by commission. They charge a percentage. So it’s often 1% the better you do, the better they do. So let me ask you, do you still think an insurance salesman is the way to go? Or are you less interested
in being someone else’s big pay day and more
interested in finding someone who will act in your best interest? If you want someone who’ll put you first, find a fee only fiduciary. If you found this video helpful and would like to see more like it, join our free Facebook
group, the Wealth Multiplier. (happy instrumental music)