What makes a financial advisor a good one? We talk through the role of an advisor, the difference between a broker and a financial planner, and how to find the right advisor for you.   Read more and get additional financial resources here: https://mercurioadvisors.com/podcast/ep7-finding-the-right-advisor/    What we discuss on this episode:  0:42 - How do you find the right advisor? 4:53 - What made you want to go from a broker to a planning advisor? 6:56 - Why might you want to look for a new advisor? 10:38 - What if you are in a new stage of life? 11:44 - What questions would you ask a potential advisor? 14:14 - What have potential clients asked? 16:37 - Shouldn’t all advisors work for the client’s best interests?

Do you have your money in all three worlds of money? We talk about all three, as well as their pros and cons in order for you to strike the right balance for your financial plan.   Read more and get additional financial resources here: https://mercurioadvisors.com/podcast/ep-6-the-three-worlds-of-money/    What we discuss on this episode: 1:01 - What are the three worlds of money? 1:40 - What should you know about the world of banking? 5:29 - What ways can a person misuse the bank? 10:34 - How does the insurance world fit? 12:01 - How can the insurance world be misused? 16:29 - What does Wall Street give us? 18:51 - How do you find a balance?

In the financial planning process, you may also have your legacy in mind. But is your estate plan set up accordingly? On today’s episode of the podcast, we discuss common needs for an estate plan as well as mistakes often made.   Read more and get additional financial resources here: https://mercurioadvisors.com/podcast/ep-5-estate-and-legacy-planning/    What we discuss on this episode:  0:47 - How do people view their legacy? 3:37 - What are some common estate planning mistakes? 7:03 - This is an ongoing conversation. 9:09 - How does estate planning fit into financial planning?  12:22 - What are some examples of interesting estate plans?

What is tax planning and how can it benefit you? We talk about how tax planning fits into your overall financial plan and what kind of difference it can make long-term.   Read more and get additional financial resources here: https://mercurioadvisors.com/podcast/ep-4-what-is-tax-planning/    What we discuss on this episode:  1:53 - What is tax planning? 4:33 - What does tax planning actually look life with clients? 7:21 - Is it safe to assume you’ll be in a lower tax bracket in retirement? 10:26 - Why not just take the money out? 12:03 - What do we need to think about with taxes and legacy?

What’s the difference between income planning and investment planning? On today’s episode we talk about the importance of investment planning, how it’s done, and what you can expect when working with Mercurio Wealth Advisors.   Read more and get additional financial resources here: https://mercurioadvisors.com/podcast/ep-3-what-is-investment-planning/    What we discuss on this episode:  2:29 - What is the goal for investment planning?  5:11 - How do you balance risk for someone in retirement?   7:47 - What is a tactical manager?   10:50 - How are fees reduced and the value maximized? 13:23 - Not all financial advisors do the same thing.

What’s the best way to ensure that your money lasts throughout retirement? It’s by having a solid income plan, but you’d be surprised to find out that most people haven’t put that into place. Let’s explore what goes into income planning, what steps you can take to start that process, and why so many people are underprepared in this area.   Read more and get additional financial resources here: https://mercurioadvisors.com/podcast/ep-2-do-you-truly-have-an-income-plan/    What we discuss on this episode:  2:12 – No income plan, no retirement plan? 4:29 – How many people have a true income plan? 6:52 – Why are people so unprepared in this area? 8:11 – Steps to take 11:32 – Real-life example of building an income plan 14:08 – Factoring in lifestyle 17:01 – Our process

On this episode of Retirement Coach’s Corner, get to know our team a little better. Alan Mercurio is the founder and chief financial officer at Mercurio Wealth Advisors, and Troy Bolton is a senior wealth advisor with the company.   Read more and get additional financial resources here: https://mercurioadvisors.com/podcast/episode-1-get-to-know-alan-mercurio-and-troy-bolton/    What we discuss on this episode:  1:15 – What does being a financial advisor mean to you? 6:15 – What does the financial planning process look like? 10:07 – Why do you work and live in Louisville? 12:17 – What has changed since Troy came on?