Investments - Choosing a Financial Planner

Let’s face it, navigating the investment arena can be tricky. We don’t all have the knack for finding the right investments or understanding the markets. It’s
important before investing to make sure you have a firm financial foundation.
One of the best ways to do this is with the help of a financial planner. The
first step in choosing one is to decide whether you actually need one in the
first place.

 

Money

Money

 

Personal finances

 

If your finances are relatively simple, a planner may not be your best bet, at least for right now. Keep in mind that you can still benefit from good advice at
various points along the way. If your financial situation were to change suddenly because, say, you suddenly received a cash ettlement, a financial planner might be helpful in deciding where to put your money.

 

Retirement

If you are near retirement age, and have never used a financial planner, now would be a good time to think about one. This is especially important if you plan to start a business or travel. The concept of retirement has changed greatly, and it is certainly not an idle period in life. It actually can mean more financial flexibility, with no dependents and more time on your hands. Remember, it’s never too late to try to create a financial plan or change an existing one.

 

Investing

A good financial planner can help you understand the basics of investing in
various instruments. They should be able to make clear your investment potential compared with your present income or expected earnings. Your financial planner should be able to explain investment risks as they relate to your circumstances.

Your age, income and number of dependents will all factor into your investment decisions.

 

 

 

Finding the right planner

As with most things, word of mouth is always useful. If you have a friend who seems to be doing well, ask about their financial planner. Be sure to ask anyone who knows the markets to recommend a few planners to you, so you can do your own checks.

 

Once you contact a financial planner, they should be able to outline their areas of expertise. It’s not a bad idea to get one with knowledge of tax issues. Fees should be discussed up front, and find out what remedies if any are available to you if their work is not satisfactory.

While some persons feel that they can go it alone in the vast landscape of financial planning, this is not always a good idea. Markets fluctuate.
A financial planner can help you devise ways of meeting your financial
goals during the down periods.

 

Be wary of any planner who claims to have expertise in all areas. Besides, it is unlikely that you will be spreading yourself that thin. Remember, when it comes to financial planning, a little caution is never a bad thing.

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Evaluate Your Debt

While waiting, it is advisable to get free credit review and refinance your debt.

The best company around is Lion Saves.

 Pay them a visit, let them check your status and give you the professional advise you need.

And guess what? The evaluation is free. Check them out and see for yourself.

 

Please share your experience with us too.

 

 

 

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