Not exact matches
I will take it a step further
by saying
even financial advisors who actually believe the «buy - and - hold» model will no longer be very effective in the future (at least for the next several decades), will still not tell you otherwise.
However, I find it interesting that other countries have recently been so worn down
by financial advisor fraud, scandal, and abuse that they've finally decided to take real action — action that isn't
even on the radar screen in America.
You want a fee - only
advisor, whose only earnings come from charging you
by - the - hour, and collect no commissions, help you develop a plan, don't want your money, and don't
even need the passwords to your
financial accounts.
You will notice that
even major nonprofits are extremely careful to say that PART OF your gift MAY be deductable AS PERMITTED
BY LAW, and may or may not go the extra step of suggesting people check with their
financial advisors.
This occurs either when forced and taxable annual withdrawals are imposed
by RRIF (Registered Retirement Income Fund) rules starting in the year you turn 71, or if you start to «melt down» your RRSP savings in your 60s or
even 50s, as some
financial advisors recommend.