Anne Tergesen

speaker

4,485 appearances 83 recordings 1 series first heard Jul 2017 last heard Feb 2025

Anne Tergesen’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Your Financial Adviser’s Conflicts Could Put Your Money at Risk · 15 Apr 2024 podcast

It's not impossible. matched

There's networks of advisors like the XY Planning Network and the Garrett Planning Network that are significant numbers of hourly paid professionals. matched

But that's not a model that is all that common. matched

So it's harder to find them. matched

Sometimes it's matched

they will do a financial plan for you, but they're sort of better for people who are happy to implement that plan themselves. matched

You can always pay them on an hourly basis to implement it, but the focus with those advisors often tends to be that they're better for people who are matched

comfortable managing their own portfolios. matched

And a lot of people just aren't. matched

The takeaway from this is that people should feel comfortable with the idea of an advisor who charges, say, a 1% fee ongoing for managing their money, but they need to be aware of these potential conflicts. matched

And when an advisor makes a recommendation, they need to probe carefully why the advisor is making that recommendation. matched

They need to make sure that they're really comfortable with it. matched

WSJ Your Money Briefing · The New Magic Number for Retirement Went Up. Here’s What it Means. · 9 Apr 2024 podcast

There is a lot of anxiety in part because of inflation. voice-verified

But I think a lot of it also is just because determining how much savings you're going to need and how much you can afford to spend is complicated. voice-verified

That's a complicated math problem, and a lot of people feel inadequate to it, so they just assume they need a giant number. voice-verified

It's from a survey conducted by Northwestern Mutual of almost 5,000 people. voice-verified

And they've done this annually for the past couple of years. voice-verified

And that's the number that popped up as an average expectation of what people think they're going to need. voice-verified

One reason is inflation. voice-verified

Last year, the number came in at $1.27 million. voice-verified

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