3/17/23: How to Prepare for the Financial Shocks of Widowhood
THE TRUTH ABOUT YOUR FUTURE with Ric Edelman
00:00
How to Protect Your Money From Fraud
The advisor sends Fidelity, this Excel file you're talking about, this fee file and says to the custodian, it's time for me to get paid. The client is not involved because when you set up the account, you're authorizing Schwab or Fidelity to do this on your behalf. Most collect quarterly in advance. On January 1st, I'm going to look at December 31st value, whatever the value is. And I'll pay myself for January, February, March.
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