How Much Is a Financial Advisor? Costs, Fees, and What You’ll Pay

From Bottom Line Inc.

Medicare Now Covers GLP-1's but Older Adults Should Weigh the Risks

From AARP

Michigan State University estimates you’ll spend eight months of your life managing junk mail, including the time it takes to open, read, and discard it. In addition to wasting time, junk mail wastes resources—only 50% of unwanted mail is recycled, resulting in 48 million trees cut down every year simply to be put in the landfill.

Fortunately, there are many ways to reduce junk mail, from consumer services like DMAchoice to changing how you share your information.

“Most marketing mail is not random,” says Boone. You often provide your information to marketers whether you realize it or not. Purchases, subscriptions and programs usually opt you in automatically. It can be hidden in the terms and conditions or included as a small checkbox that’s already selected unless you uncheck it.

Full Story on Bottom Line Inc.

A financial advisor can cost anywhere from a few hundred dollars for a one-time service to several thousand dollars for ongoing advice and management. It all depends on the advisor’s fee model, how much money you have invested, and how much help you need.

“Understand what you’re paying and what you’re getting,” says Dana Anspach, CFP, founder, and CEO of Sensible Money. She told us what financial advisors really charge and the hidden costs to look out for.

How Financial Advisors Charge

Financial advisors charge for their services in different ways, and the specific fee structure can make a huge difference in what you pay.... 

Finance & Planning Blog

Some Medicare enrollees can get popular GLP-1 weight loss drugs for $50 a month, but the meds come with considerations for people 50-plus.

The lower copay will increase accessibility to nearly 4 million beneficiaries. But while there are real benefits to GLP-1s, experts caution there are also risks — and the risks can be higher in older people, says Dr. K. Eric De Jonge, director of geriatrics at MedStar Washington Hospital Center in D.C.

Very few people 65 and older were enrolled in the clinical trials reviewed by federal regulators for the drug’s approval, says Dr. Alissa Chen, who treats older adults with obesity at Yale New Haven Health. This left doctors with limited evidence about how the drugs affect older adults. What’s more, many older adults have coexisting health issues and take medications to treat them that can be affected by GLP-1s.

Wellness Blog

Making the right Medicare choices is key, whether you’re approaching initial enrollment or preparing for open enrollment. Get answers to important Medicare questions with AARP’s free, on-demand webinars. Discover your Medicare options, find out ways you can avoid costly mistakes and get tips to help you prepare for Medicare decisions.

You'll find answers on Medicare Open Enrollment issues such as:

• What Medicare is and the differences between choices
• Policy limitations
• What’s new in 2023 and what’s coming up
• Differences between Medicare and Medigap Open Enrollment
• How income and other financial considerations affect your premium

AARP Medicare Resources

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