Guidelines for Choosing a Financial Adviser


This week’s AAII Weekly Digest highlights these “must-read” AAII articles:


The Tax Advantages of Qualified Charitable Distributions
From IRAs

The Tax Advantages of Qualified Charitable Distributions From IRAsThe U.S. tax code allows someone who is already at least age 70½—not someone who will turn 70½ later this year—to directly transfer up to $100,000 of funds from their traditional individual retirement account (IRA) to a qualified charity. This would be an example of a qualified charitable distribution (QCD) from an IRA. As this article explains, the QCD strategy of donating IRA funds is often more tax-efficient than withdrawing the same amount of funds from an IRA and then donating these funds to the charity.

Life After a Loss: 6 Smart Steps for Coping With Widowhood

Karen C. Altfest

For a person who has recently lost a spouse and is confronting many changes in daily living, financial support and advice can be helpful. Women, as well as men, are unmoored by the personal changes they are going through. Yet a widower may often have been the primary earner and financial decision-maker and was accustomed to making financial choices. A widow, however, may not have taken an active role in the family finances. This article offers steps widows can take to help them manage their finances.

Steps to Smoothly Transfer Control of Family Finances

Steps to Smoothly Transfer Control of Family FinancesSuccession planning for the “family CFO” is the most commonly neglected component of most families’ financial planning, but it is one of the most important actions that will determine the ability of your “Family Inc.” to thrive over multiple generations.


Why Your Financial Adviser Should Be a Fiduciary

Many do-it-yourself investors may wonder if this article is relevant to their situation. But think about your life during retirement and your interest may change. As we age, it’s common for even do-it-yourself investors to seek the services of a financial adviser, especially in our later years. Given that you may eventually engage a financial adviser, here are some guidelines on how to select one.

Our Member Question for this week is:

Where are you at in your annual income tax filing process?


Vote to answer this week’s Special Question:

What are your greatest financial planning concerns and most important objectives?

Last Week’s Results:

Who has advised you on choosing mutual funds or exchange-traded funds (ETFs) to invest in?

Most AAII Readers Conduct Their Own Research of Mutual Funds & ETFs

As individual investors, we have access to a wealth of information, data and research pertaining to mutual funds and ETFs, although the quality varies greatly depending on the source. However, not all individual investors have the time or knowledge to base their investment decisions on their own research. Last week’s survey questions asked our readers how they choose their mutual funds and/or ETFs and what their favorite research resources are.

AAII Financial Planning Library

The investment and financial decisions we make now can have a significant impact on our financial future as well as on your spouse and heirs. AAII has compiled a collection of financial planning resources to take the guesswork out of financial planning and help our members make informed decisions.

The AAII Weekly Digest is one of the many benefits of AAII membership. To learn more, consider a risk-free 30-day Trial AAII Membership to start becoming an effective manager of your own assets.


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