Financial Services IndustryMay 16, 2022
Newbullishj
Fisher Investments Mock Retirement Client Call
60 yrs old Retiring at 65 1mm in nonqualified acct No outside liquid net worth Needs 80k annually in retirement - will receive 30k from Social Sec. Any tips on how to approach this conversation?#interview #finance
KLA-Tencor d3f3ct May 16, 2022
Fisher investment is a huge scam
KLA-Tencor d3f3ct May 16, 2022
Client won’t be able to realize that income realistically with a sustained withdrawal rate with Fishers atrocious AUM fee and churn.
Start By figuring out the clients risk Torrance and life expectancy. Then use a time value of money calculator to back in to interest rate return needed to maintain 50k return annual net. TBH, the client could place the money in a money market and draw $50k for 20 years before running out of many. Not a very hard problem to solve. I would invest in mix treasuries and aaa corporate bonds. Ladder it out