December 2023 – Life Isn't Lived On a Spreadsheet

The Ins and Outs of Compensation Within The Financial Industry (Ep. 10)

By Poterack Captial Advisory | December 19, 2023

“How much and how do you get paid?”

This can be an uncomfortable question to ask your current or prospective financial advisor.

This week, Ryan Poterack discusses the importance of transparency in how financial advisors are compensated today. Ryan also explains different payment methods, such as commissions and fees, while emphasizing the need for this information to be accessible to consumers to ensure a strong client-advisor relationship.

Main talking points include:

The various ways financial advisors get compensated
The role (and importance) of transparency in any advisor-client relationship
Poterack Capital Advisory’s approach to advisor compensation
The client or advisor: Who should initiate the compensation conversation
And more!

Resources:

“Making it Count: Life Isn’t Lived On a Spreadsheet” by Ryan Poterack

Connect with Ryan Poterack:

LinkedIn: Ryan Poterack

Connect with Poterack Capital Advisory:

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Using Roth IRAs to Create a Tax-Efficient Retirement (Ep. 9)

By Poterack Captial Advisory | December 5, 2023

We’ve talked about the good, the bad, and the limitations of traditional 401(k)s. Now, we’re tackling the process of turning that traditional IRA into a Roth IRA.

What does it take to do a Roth conversion, and is it right for you?

In this episode, Ryan Poterack discusses the benefits and process of converting a traditional IRA into a Roth IRA. He explains the tax implications of both types of IRAs and the value of considering current and future income tax brackets when deciding to convert.

Tune in as Ryan emphasizes the importance of critical thinking in financial planning, using specific examples to illustrate his points.

Main talking points include: