On February 17, 11 women got together to talk about Financial Planners.

Some key discussion items:

- We earned many stars for our awareness of the importance of selecting an advisor who is a fiduciary.
- Need to understand what you want: one time plan that you can execute? Ongoing monitoring and advice? Investment management? Continuity for self, spouse, or heirs if somebody passes or experiences cognitive issues?
- How is advisor paid? Fee only can be set amount or percent of "Assets Under Management"; there is no opportunity for additional money/bonuses based on recommendations for you. Fee based means a set amount or percentage is charged, but the advisor has opportunities to make additional money based on your purchase of something.
- Robo Advisors - available at institutions like Vanguard, Fidelity, and Schwab along with many other brokerage firms. Can be fully automated or some have a person component added. Creates a portfolio based on your answers to questions and takes periodic action to maintain that allocation. Low minimums required and very low fees.
- Transition plan - Many firms are small. What happens if your advisor leaves, retires, or dies?
- Fit - do you trust your advisor? do they listen to you and respond/discuss?

We will meet via zoom on Tuesday, March 17, 6:30-8:00 PM. Our topic will be Estate Planning. Bring contact information for Estate Attorneys you recommend.

All are welcome to join us on zoom. Join the group or contact Cyndy using the info above.