Have you ever met anyone who’s both an orthopedic surgeon and a chiropractor? Probably not; they’re either one or the other. It’s the same in the financial services industry; advisors typically specialize in either the stock market or the bond market, but seldom both.
Since many financial advisors first got into the business during the 1980’s and 90’s, during what was the best stock market in U.S. history, their so-called area of “expertise” became the stock market, not the bond market.
Frankly, if they do fixed income, it’s usually an afterthought and most will simply use bond mutual funds. The problem is, bond mutual funds carry risks and tax implications that can be greatly reduced by investing in an actively-managed portfolio of individual bonds, or other fixed income securities.
At the Retirement Income Store, we don’t take shortcuts. Our team of Income Specialists possess the specialized training and knowledge required to avoid costly mistakes and create customized portfolios of actively managed individual fixed-income securities on behalf of our clients.