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Are Fee-only Financial Advisors In The Best Interest of Your Retirement?

Are Fee-only Financial Advisors In The Best Interest of Your Retirement? Here’s Why the Way Financial Advisors Get Compensated Matters Many pre-retirees in Bloomington-Normal don’t realize that not all financial advisors are paid the same way—and that difference can matter more than you think. Fee-only financial advisors are paid directly by their clients, not through…
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Money and Marriage: Understanding Your Financial Relationship

Money and Marriage: Understanding Your Financial Relationship As a financial advisor, I understand that money plays a significant role in a relationship, and it’s crucial to establish a healthy financial connection between partners. Like any other relationship, the harmony between spouses and their finances requires attention, respect, and understanding. Of course, having regular communication about…
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Why I Chose the ChFC ® Designation over the CFP ® Certification

Choosing the Chartered Financial Consultant (ChFC) ® Designation or the Certified Financial Planner (CFP) ® Certification Certified Financial Planner (CFP)® is often touted as the premier designation for financial advisors, largely due to an aggressive marketing strategy. Yet, as someone who chose to pursue the Chartered Financial Consultant (ChFC)® designation, I have always felt that…
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Don’t Buy an Annuity Before Reading This!

Before You Buy an Annuity, You Need to Know This! Many people purchase annuities as a way to provide income during retirement. An annuity is a contract between you and an insurance company that is designed to meet retirement and other long-range goals. You make a lump-sum payment or series of payments and in return,…
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Dave Ramsey and Mutual Funds

What Dave Ramsey Should Explain About Mutual Funds Most people are familiar with Dave Ramsey, the anointed financial guru who has built an empire upon espousing common sense financial advice based on discipline and prudence. Most of what he teaches is based upon sound financial principles, such as getting out of debt and building an…
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Creating an Estate Plan for a Legacy

Creating an Estate Plan for a Legacy Estate planning is a key component in wealth management and a crucial part of a comprehensive financial plan. It encompasses more than just the strategic allocation of your assets for future generations; it’s about ensuring peace of mind and financial security for you and your loved ones. While…
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Why It’s Important to Plan Ahead for Senior Living

Why It’s Important to Plan Ahead for Senior Living The later stages of life can be incredibly rewarding, yet they require thoughtful planning. Critical choices in financial readiness and selecting an appropriate living arrangement need to be made in advance. Procrastinating on these decisions can limit your options and adversely affect the quality and joy…
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What Happens in a First Financial Planning Appointment?

What Happens in a First Financial Planning Appointment Starting a conversation about your finances can feel overwhelming. That’s why at McBeath Financial Group, we make your first interaction with us easy and stress-free. This introductory phone call is your first touchpoint with us and an important step on your path toward becoming a client. Want…
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