A 6-step guide to choosing the right financial professional for you
Getting help on your financial decisions isn’t a bad thing. But with so many professionals and options out there, how do you go about choosing the right expert to work with?
Tag: Financial Planning
What Does a Democratic-Controlled Congress Mean for Financial Planning? Here’s What to Expect
……..It also means heightened enforcement around conflicts of interest through the SEC’s Regulation Best Interest rule that went into effect last year to restrict unsavory practices by brokers and making sure they put clients’ interests ahead of their own when making recommendations. That is a good development for individual investors and will accelerate the trend toward fee-only or fee-based financial advice……..
What You Need to Know Before Lending Money to Family
……Carefully consider what you’re entering into and take the time to determine whether the arrangement makes sense from a relational perspective and in terms of wealth planning…….
Some couples may face a ‘marriage penalty’ under Biden’s tax plan
President Joe Biden is proposing higher taxes on the top 1% to help pay for the $1.8 trillion American Families Plan. But the “marriage penalty” may hit couples earning more than $500,000. Financial experts say tax planning strategies may lessen the sting.
INVEST IN YOU: READY. SET. GROW. Financial advisor, financial planner or robo-advisor? Here’s how to find the right help to manage your money
…….check for advisors who are regulated as fiduciaries because they are required by law to look out for their clients’ best interests.
Do I Need A Financial Advisor Or Should I Do It Myself? Here’s When It’s Worth Getting A Financial Advisor.
…….many investors who would benefit from working with a wealth advisor don't seek professional advice or mistakenly think they don't need it. Here are a few signs that you may need a financial advisor.
How To Choose A Financial Advisor as seen in Forbes
…….Do you need help managing your money? If you’re like many Americans, you might need a hand. According to the National Financial Education Council, a lack of personal finance knowledge costs the average American $1,200 a year.
Don't Let Coronavirus Derail Your Retirement
Focus on "Fee-Only" professionals who have earned the CFP® designation. They are paid for expertise, not for sales, and they offer comprehensive planning services. You can find candidates by searching…… napfa.org (the National Association of Personal Financial Advisors)…….