My Financial Advice

My financial advice is enlightening. Actually, it needs to be accurate, and a true reflection of the actual finances of the individual who seeks advice and asks about my financial advice. It is a great idea to go for at least an annual checkup for your fiscal health. Do revisit my financial advice and status annually, at the least, and involve a professional wherever you feel it is necessary.

The tune up can help when you seek my financial advice, to ensure that you are on target to reach your financial goals. If you are, then you can consider how you can make even more money from your investments. In addition if you have fallen short, then you will want to plan accordingly, with my financial advice, to bring your accounts back to where they need to be to reach your financial goals.

In some years, my financial advice would be to divert money to repayment of unsecured debt, or credit cards. When you have paid your credit card debt, maybe you will have decided to focus once again on re-establishing a relationship with your commitment to your retirement and investing activities. My financial advice would be to return with a vengeance, where you analyze your options to ensure that you are paying the lowest financial services fees for your investments, both short- and long-term.

Review Investment Fees

When you do decide it is time to add money to your 401k, Roth IRA, to maximize your savings and investments, it is a good time to determine if your investment bank is still the best one for your needs. While my financial advice is traditionally to put it out of sight and out of mind.

It is good to have the money automatically deducted and invested. Then again, it is important to revisit the situation annually, and to review account fees at the same time. So, do automatically continue investments, but do consider where you are putting your money. It matters more than ever to keep as much of your money as possible to maximize the power of compounding interest, and the buying power.

When you review the amount that you are paying in fees, it is time to also review the performance of your investment accounts. If you have no idea where to begin, it is a good time to learn. For instance, it is all well and good to look at the bottom line on your financial statements, that is the percent earned or lost, but there is more to it than that.

For instance, you may instead want to check out independent free financial advice from professional rating companies to find out the true story about how well or bad a fund is performing. Sometimes there is a residual good performance occurring, even after a long-term highly touted, high performing fund manager has left his or her post at the helm of your fund. Though, ratings will let you know what the professionals think of the changes. They may indicate that the new manager has had trouble performing as well as their predecessor.

In addition, they may also be able to tell you about problems that might be occurring in the industry. For instance, if what was once a high-pay commanding product has become a commodity, then it matters what plans the company or industry does to once again command a high price for their products. This can take a once high-flying fund and turn it into the biggest loser.

Financial Advice

Find professional advice from someone who specializes in securities and personal investments. This advice will help you continue to meet or exceed your investment goals. In addition, as a professional advice planner they can also weigh in on other areas of your money. This will help you keep balance as you work out methods to reach your goals.

In addition to retiring as a goal, you may want to also mention in your annual checkup whether you have other changes or goals come into focus. If you have just joined the ranks of parenthood, then you may consider how you will add college education fund to your goals. This can change the math, but employing a professional can help you to maintain your course to reach your goals.

My financial advice for everyone is that it is a good idea to review your finances annually. This helps to best ensure that you are able to meet your goals. In particular you will want to consider how your annual results are panning out, to determine changes or when to stay the course. It is easy to become disheartened if you have a year of bad performance financially speaking. Although, you can overcome and re-direct your money with the help of a wise, experienced and trustworthy professional.

Find a Financial Advisor

Find an Advisor

Financial Advice

We can help you find a financial advisor

Our specialists will conduct a custom search to find local planners and advisors who meet your specific requirements.

"I wanted to be sure I met with an advisor who wouldn't just throw all sorts of financial jargon at me without explanation, and this site helped me find an advisor who was great at explaining things simply. Thanks!"

Sharon D, Tempe AZ