If you have started thinking about your future, you may have decided you need to have a sound plan to ensure you will be financially stable. If so, you may also feel you need the help of a financial planner but are unsure of how to select one. If so, ask yourself and the individual the following three questions when meeting with a financial planner for the first time.
Is The Planner Certified?
2017
- If your family's finances are tight and you have not been able to start saving for retirement, then you need to find ways to make this possible. Due to the power of compounding interest, it is vital that you start saving for retirement as early as possible so your money has enough time to grow. Thankfully, there are many ways that most households can trim money from their budgets that can be used to fund a retirement account.
- Buying annuities are one popular option when adding to a retirement plan. However, there are some things you must be aware of before you begin the buying process, including the following: Crediting the Annuity There are a variety of ways an annuity is credited, and you can choose the one that is best for your overall financial needs. Average crediting each month gives you and even return despite the climate of the market at that time.
- If you want to make your home more manageable financial hardship, a reverse mortgage might be just what you need. With a reverse mortgage, you will be able to sell some or all of the equity in your home, so that you can lower the amount of other financial obligations. With this in mind, consider these tips below so that you can shop around for a reverse mortgage with full peace of mind.
- Many people assume that if they don't have kids, they don't really need life insurance. But while you won't need the policy to pay for children's costs if something happens to you, this is not all that life insurance covers. Here are four reasons to invest in a life insurance policy even if you don't have kids. It will cover your burial costs. Funerals are not cheap. The average North American funeral runs around $7,000 to $10,000, which includes the cost of a service, head stone, and plot at the cemetery.