BROADCASTS.com

b'With Liz Davidson, CEO of Financial Finesse, Author of What Your Financial Advisor Isn\\u2019t Telling You



Liz speaks directly to average investors who are likely pretty good at their jobs and sincere about saving diligently for retirement and other life expenses, but don\\u2019t quite know how to effectively handle their financial and retirement portfolios. One of Liz\\u2019s main points is that average investors need to realize that how they manage their daily lives has a profound impact on their finances, perhaps more so than the specific investments they might make \\u2013 issues that financial advisors are mostly unaware of and unable to address \\u2013 such as, say, mediating an argument about money matters in a couple\\u2019s bedroom.

Liz also draws on her experience as a hedge fund manager to better advise people on how to manage their money, especially as she saw really smart people making not-so-smart moves during the dot-com boom of the late 90s. And get this\\u2026 Liz believes the average employee could be leaving as much as $1 million on the table by not taking full advantage of the various benefits offered to them over their working lives \\u2013 things such as maxing out matching 401(k) grants (and, really, leaving free money on the table), or not taking advantage of subsidized benefits such as tuition reimbursements offered by employers for employees or qualifying dependents, adoption assistance, legal support, etc. For example, with a Health Savings Account (HSA), employees can put money in there, get a tax deduction and use the money at any date in the future, with tax-free money \\u2013 without the downsides of a use-it-or-lose-it account.

Liz talks about the concept of \\u201cFinancial Independence Day\\u201d each year \\u2013 when you setup your finances to get you more solidly on the path to building-up your nest-egg. And busts the myth that investors can do without a financial advisor \\u2013 because most investors have neither the time, the expertize, or the discipline to make the most of their money including tax optimization and investment decision-making. Finally, she gives us tips on how to find a good financial advisor and how spouses or life partners can do a better job of rowing the boat together.'