What do you tell your financial advisor?

[Punch]

I recently decided to hire a fee-based financial advisor as a sanity check or second set of eyes to help me manage my final decade or two. I am probably being overly concerned, but still think it would be unnecessarily open to tell him exactly what I do with all those cash withdrawals. What creative euphemisms, genteelisms, obfuscations, or downright lies have you creative, financially responsible mongers used?

 

[AutomaticSlim]

He's the same age as me. I've known him since the early 90s. He handled my parents accounts after their advisor moved into very upper management.
He's like a long time family friend.
I don't get into the nitty gritty details, but he knows I use money to bang girls.
And he ABSOLUTELY knows what I think of women in my own age range.

 

[Dc46]

Just pmed you.

 

[mayfair2]

just say you go to strip clubs a lot.

 

[br2k]

Or better yet...i want to ensure I can can spend my life with a happy ending..or ten.

 

[mccovey]

I am sure he assumes you either gamble , bang whores , or buy drugs

 

[charliebrown]

Tell him that is the amount of fun money you are using on a regular basis and your hope is that the fun money is able to keep up with inflation.

 

[sweetboba]

 

[joecool95]

I recently decided to hire a fee-based financial advisor as a sanity check or second set of eyes to help me manage my final decade or two. I am probably being overly concerned, but still think it would be unnecessarily open to tell him exactly what I do with all those cash withdrawals. What creative euphemisms, genteelisms, obfuscations, or downright lies have you creative, financially responsible mongers used?

get a different advisor and keep your mouth shut about where you spend your money.

 

[DuncanIdaho]

"I bought gold bullion.. Canadian maples.. and some bricks of silver. Cause.. you know.. just in case. Lead and brass..and curtain rods too!"

 

[metal rat]

Just say entertainment spending, no need to let the cat out of the bag if not neccesary.

 

[BIGBOB62]

I’ve worked with same guy for many years and this never comes up. He doesn’t manage the account my pay comes into, just everything else. He’s dimly aware of how much I make base, but not idea of my bonus, which frequently doubles or triples my salary. So he just sees it when I Xfer it into his care, which I do every quarter. If he started asking, I’d get another guy, even though he’s done great. It’s none of his business what I do with my money. And I’ve never taken money out of his accounts anyway.

 

[scrubs321]

I don't give any reason. It's my money and my business. I just call and give the amount I need.

 

[이 회장님]

Mine knows that my entertainment budget shows that I love white women more than white rice. lol.

 

[easy2please]

I don't have a financial advisor, but if I did I'd be much more concerned with what they are telling me

 

[Woodie]

I tell mine I got a fishing addiction
Lol
Mine knows as well but not the details. I just tell him I got a side piece and when we go out I only use cash.

 

[East Lake II]

Any withdrawal from my the account handled by my financial advisor goes into a bank account. My financial advisor never sees any amount of any purchase or withdrawal. I wouldn’t care of he did. And, seriously doubt he would be looking or notice if the withdrawals for AMP’s came from the account he manages. These guys got bigger things on their mind than weekly withdrawals of a few hundred dollars.

 

[248Lancer]

No shame in saying that you use that cash at the casino instead of mongering. They hear that all the time from retired clients.

 

[Nutopia1]

I recently decided to hire a fee-based financial advisor as a sanity check or second set of eyes to help me manage my final decade or two. I am probably being overly concerned, but still think it would be unnecessarily open to tell him exactly what I do with all those cash withdrawals. What creative euphemisms, genteelisms, obfuscations, or downright lies have you creative, financially responsible mongers used?

It's none of his business. He just needs to advise you on how to maintain that level of cash flow. Or suggest a reduction. From $xxxx to $xx. What's being bought with the money is your business .

 

[Dc46]

I am an RR. If a client has a lot of cash withdrawals we are required Compliance wise to ask “ hey all ok?”. When the client answers yes. That is all we need to know.