The Hidden Cost of Having Multiple Advisors
About this episode
STOP Using Multiple Financial Advisors Before You Watch This!
Are multiple financial advisors helping or quietly hurting your plan
In today’s episode Andrew Nida and Moise Piram from Asset Management Group Inc unpack the hidden costs of splitting assets across advisors including surprise capital gains IRMAA surcharges missed Roth conversion windows wash sales and fee creep
We walk through a real case where an $86,000 capital gain from an uncoordinated account triggered higher Medicare premiums derailed tax planning and cost tens of thousands in avoidable drag
What you will learn
• Why diversifying investments is smart but diversifying advisors fragments your strategy
• How IRMAA surcharges and the two year lookback can compound one decision
• The coordination gap that kills Roth conversions tax loss harvesting and withdrawal sequencing
• A simple audit to decide whether consolidation makes sense for you
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Disclosure
Educational content only. Not tax, legal, or investment advice. Tax laws can change. Consult your CPA or advisor about your specific situation.
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