Craig Wear, CFP®Craig Wear, CFP® | Expert in Roth Conversions & Tax-Efficient Retirement Strategies for IRA Millionaires

Optimize Your Financial Strategy Expert Tips for Maximum Returns

10 Apr 2024 · 1 min

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A brief spoken-advice excerpt from Craig Wear, CFP® arguing that simple online calculators, spreadsheets, and free advisory services cannot produce truly optimal financial strategies because they lack interactivity, comprehensive calculations, and impartial incentives. He warns that free services from advisors may prioritize winning business or selling products over clients' best outcomes.

Chapters

Simple online calculator is not going to be able to give you an optimal strategy. I have yet to see a single spreadsheet that is interactive enough by the engineers that we've worked with to give the optimal strategy the entire picture. Calculating everything that's needed. And certainly a free service offered by an investment advisor who wants to win your business, to manage your money or to sell you a financial product is not the best strategy either. It's not the way to figure out what's the best outcome for you.