Not all Advisors Wear the Same Combat Patch

In this episode, Rob Moore, MQFP® and Omen Quelvog CFP®, MQFP® tackle one of the most requested topics: financial designations, fiduciary duty, advisor compensation, and how to evaluate financial professionals. They also discuss retirement cash reserves, military-specific planning, and the red flags that should make you pause before taking financial advice. Contact & Booking Email The Fiscal Foxhole at fiscalfoxhole@gmail.com Book a meeting with Rob Book a meeting with Omen 🎙️ Opening Salvo Fiscal Foxhole new home: fiscalfoxhole.com. Listener suggestion / name: The Foxhole Frontline. ✈️ Background Brief: SR-71 Blackbird The SR-71's 1974 New York-to-London speed record still stands. Discussion of the famous "LA Speed Story" from former SR-71 pilot Brian Shul. 💰 Intel Update: The "401Rich and Cash Poor" Trap Keeping 1-3 years of retirement spending in a conservative reserve can reduce sequence-of-returns risk. 🎖️ Understanding Financial Designations CFP®: Comprehensive financial planning. ChFC®: Broad planning similar to CFP®. AFC®: Financial behavior coaching. MQFP®: Military-specific planning. CPA, EA, CFA, RICP® and other specialty designations. 💵 How Advisors Get Paid Fee-Only: Paid only by clients. Fee-Based: Mix of fees and commissions. Commission-Based: Compensation tied to product sales. Key lesson: Understand exactly how an advisor gets paid before taking advice. 🛡️ Fiduciaries & Red Flags Warning signs: Unclear fee explanations. Pressure to make decisions. Fear-based sales tactics. Product recommendations before understanding your goals. "Tax-free retirement" marketing claims. Using military affiliation primarily as a sales tool. 📚 Resources Mentioned Fiscal Foxhole: https://fiscalfoxhole.com Military Financial Advisors Association: https://militaryfinancialadvisors.org