KENSINGTON, MARYLAND. December 8, 2009 – – An overwhelming number of retirees experience huge disappointments and, more importantly, they usually realize it too late, says Samuel N. Asare, senior financial strategist with Laser Financial Group, LC., and the author of a new book, 5 Mistakes Your Financial Advisor Is Making. Free copies of the book are available at http://www.laserfg.com.
“On an almost daily basis, we talk to seniors who are flabbergasted that things did not turn out as they’d expected, even after following their financial professionals’ advice for many years. What’s even deadlier is that most advisors truly have good intensions, which means they are unaware that they are offering misguided advice,” comments Asare.
The book dispels five personal finance myths, including:
· The amount of income tax someone pays depends simply on the amount of money they earn.
· The stock market is the best place for long-term wealth accumulation.
· Investments with the highest returns will produce the most spendable income.
“No one appreciates getting to retirement only to realize that they’ve basically wasted all those years and dollars following myths. Our goal is to ensure that investors receive the best possible guidance, which should in no way conflict with that of any financial professional. This book is not a witch hunt project – we’re not about that, at all,” emphasizes Asare.
The 20-page, easy-to-read book is formatted with “Eyeball-to-Eyeball Questions” that investors are encouraged to pose to their financial professionals. “That is the best and surest way to provoke the candid answers that will confirm these myths and affirm the simple truths the book exposes,” Asare explains.