Episode 70: Is It Ok to Have Multiple Financial Advisors & "It Couples": Are They Really All That?

Can you have more than one financial advisor? And are the “perfect couples” you see on social media actually as perfect as they seem? Lindsey and Brett tackle two very different comparison traps: comparing financial advisors and comparing your relationship to everyone else’s.

On the financial side, Brett answers a listener question about whether it makes sense to work with multiple financial advisors at the same time. They discuss why having two financial “quarterbacks” can create problems, especially when retirement income, Roth conversions, tax planning, and investment strategies overlap. They also dig into what to consider when you have extra money to invest.

Should you put $50,000 or $70,000 toward retirement, keep it liquid, invest in the market, explore alternative investments, or choose something more conservative? Brett explains why your time horizon, risk tolerance, tax situation, and future plans should help determine where that money goes.

Topics include:

• Can you have multiple financial advisors?

• When should you get a second opinion on your financial plan?

• Retirement planning and Roth conversion strategies

• What to do with extra cash

• Short-term vs. long-term investing

• Alternative investments and accredited investor requirements

• Buffered ETFs, money markets, CDs, and bonds

• Managing investment risk based on when you need the money

Have a financial or relationship question you want Lindsey and Brett to answer on the podcast? Click here to submit your question.

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