Radio Show #152: The Super Bowl of Financial Shows
Evidently, there's a football game in New Jersey this weekend. Before you partake in the festivities, check out this week's show, where we are talking about how to select a financial advisor.
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Who better than Janet Stanzak, the president of the board of directors for the Financial Planning Association (FPA), to help guide us in the mission of identifying a financial advisor? Janet joined us to discuss the concept of "full and fair disclosure," which may be more important than comparing fee structures of various advice-givers. While compensation is important, it is not the only thing people need to consider, according to Janet. She also went through some of the 35 questions to ask tool the FPA recommends people ask prospective financial advisers. If you are looking for an advisor, you can use the FPA Planner Search tool.
We fielded questions from Amanda and Leigh about inherited IRAs; Dennis and Mike, who wanted to know whether they had accumulated enough to consider retirement; and Carol and Tom, who both had questions about rolling over retirement accounts.
Lisa and Dan had education funding questions, which reminded me about FinAid.org, a fabulous college funding resource that super-smart Mark Kantrowitz founded.
By the way, here are those Super Bowl factoids that I sprinkled throughout the show:
- Players on the Super Bowl-winning team will make $92,000 each; losers $46,000
- Cost of a 30 second spot: $4.5 million
- Economic impact on NY-NJ area: $194 million (versus the $500-$600 million that the NFL and politicians have claimed)
- Who bets? Nearly 1/3 of U.S. adults are likely to wager on the big game, 92 percent of those surveyed said they've actually lost money gambling on the Super Bowl in the past
- The Super Bowl is the second highest day of food consumption in the US after Thanksgiving. (USDA)
- The average fan will consume 1200 calories and 50 grams of fat from snacks, NOT including the meal itself (Calorie Control Council and Snack Food Association)
- Chicken wings: Fans will chow down on 1.23 billion wings or more than 100 million pounds of wings
- Dominos estimates that it will deliver 11 million pieces of pizza to hungry viewers
- Antacids sales are expected to increase 20 percent on the day after Super Bowl
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