Financial Advice for Recruiters: How to Not Be Making Placements at 90 Years Old

By |2019-04-17T18:34:05+00:00April 17th, 2019|Categories: Recruiter|Tags: |

So recruiters know how to make a lot of money. How to save money and build wealth? Uh, not so much. Ask a recruiter about their financial plan and their eyes glaze over, ask them when they want to retire, and they look at you with a mixture of sympathy and wonder…retirement is something that happens to other, O-L-D people…! But the facts are chilling. NW Mutual says only 25% of Americans have 200K in retirement savings. And the average person at retirement has 85K! And recruiters ain’t average. They just think they’ll keep closing deals! Forever! Danny tried for years to educate his recruiters on the benefits of 401K plans, Roth IRA’s, Real Estate…etc. And it was like giving them Ambien. He often had to carry them back to their desk. So in this podcast Danny talks to a legit Guru and Wall St legend about how to get the message across. You will, one day, need to retire, and young people will be in retirement for 20-25 years due to increasing life spans. Will you have enough money? This real world, no nonsense, no holds barred conversation could help! Phil Fiore, CIMA®, CRPC® Chief Executive OfficerExecutive Managing Director Phil has more than 20 years of experience in providing investment consulting services to both institutions and high net worth individuals. Prior to co-founding Procyon Institutional Partners, Phil was a Senior Vice President of Wealth Management at UBS where he was also a member of the Institutional Consulting Group and its Advisory Council, a Senior Institutional Consultant and a Senior Retirement Plan Consultant. He also served as Co-Chair of the UBS Corporate Development Advisory Board and its Retirement Advisory Council. Phil has twice been recognized by 401KWire as one of the Nation's 300 Most Influential Advisors in the Defined Contribution Arena, by the Financial Times as one of their Top 400 US Advisors (2014), and as one of Barron's Top 1,200 Financial Advisors (2015). Phil is also a frequent speaker at many national retirement conferences. Additionally, Phil is a member of the NYC Columbus Citizens Foundation, sits on the Western