When someone is acting under fiduciary duty, it means they are putting the client’s best interests ahead of their own, specifically where investments and retirement planning are concerned. This relationship requires trust and communication between the two parties, and the fiduciary rule was originally introduced to help protect the interest of the client instead of the interest of the brokers and advisers. In today’s post, we will discuss the fiduciary rule and its history to give you a better understanding of how it applies to you.

As you near the age of retirement, your investments and your savings are most likely at the forefront of your mind. Instead of stressing about how you’re going to make a living, the team at Brokerage Specialists is here to help you create a plan. When you work with our team, you can rest assured that we have your best interest in mind, and we will work hard to help you create a plan that allows you to enjoy your retirement in peace. If...

Many aspects of your retirement plan are beyond your direct control. For example, you have no control over the financial markets or their impact on your savings growth. You also have no control over the benefits available to you from social security other than when or how to start taking them. You cannot control healthcare expenses or inflation. These are all aspects of your retirement plan that you must estimate, plan for, and utilize trusted professionals to manage without having control. However, there is one aspect of your financial plan that is frequently overlooked — you can control your spending. Retirement is a time when you shift from living on your earnings to living on a fixed income. A vitally important aspect of having enough to live through retirement is learning to live on a budget. Knowing your budget and needs, rather than your pre-retirement income, is powerful information in creating a successful retirement plan. In today’s post, we will provide you with a few tips you can keep in mind to help you create a budget so that you are more financially stable in the...

While you certainly have the option of trying to manage your finances and set yourself up for a stable future on your own, it never hurts to work with a professional who can provide you with expert advice. Hiring a financial advisor may be the most responsible way to manage your money, but how do you go about finding the right one? What is a financial advisor? How is a financial advisor different from a broker dealer? Why does this difference matter? The last thing you want is to hire a financial advisor who can’t provide you with the knowledgeable advice that you desire, or even worse, sell you some cookie-cutter mutual funds that benefit him more than you. That’s why, in today’s post, we will provide you with a few tips you should keep in mind if you’re interested in finding a financial advisor who is right for you.

At Brokerage Specialists in Grand Island, we strive to make every client feel like a priority. In fact, as a fiduciary advisor, we are legally obligated to make you the priority and put your best interest...

Most everyone agrees that saving for retirement is not only important, but also necessary. However, the act of saving for retirement isn’t always as easy as people want to believe. In fact, many people underestimate how much money they will need to sustain them through retirement and overestimate how much they’re actually putting away. In today’s post, we will discuss when is the right time to start planning for retirement and what you can do to help set yourself up for a stable financial future.

If you’re worried that you’re not on the right path for retirement or you want to make sure you’re getting the most out of your benefits, Brokerage Specialists in Grand Island is here to help. We offer retirement planning services, portfolio risk analyses, and so much more to help you feel secure in your future finances. Want to know more about what we can do for you? Explore our...