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Why is it important to carefully choose a financial advisor?

It is important to carefully choose a financial advisor because they can help you make important decisions about your money and investments. A good advisor can provide valuable guidance and expertise to help you reach your financial goals, while a bad advisor could lead you to make costly mistakes that could negatively impact your financial future.


Is it generally better to have a fee only financial advisor, or a comission based advisor?

I prefer to have a fee only financial advisor. The problem you can get into with a comission based advisor is that they may "churn" your account more than necessary to make money.


How do you know which financial advisor is right for you?

The most important thing is for you to feel comfortable and able to trust your financial advisor. He or she should make sure to fully understand your financial goals and how comfortable you are with taking risks.


How much does a assistant financial associate make?

It depends on how big of a financial advisor you work for and whether or not you are Series 7 licensed. I work for an advisor who makes 7 figures before taxes and I am not Series 7 licensed but I make about 40k salary.


Would you ever recommend someone to take money out of their 401k and use it to pay down their mortgage and if so is this allowable as a hardship and what tax implications would apply?

You should make an appointment with your tax accountant or a financial advisor who can review your economic status and then apply expert advice.You should make an appointment with your tax accountant or a financial advisor who can review your economic status and then apply expert advice.You should make an appointment with your tax accountant or a financial advisor who can review your economic status and then apply expert advice.You should make an appointment with your tax accountant or a financial advisor who can review your economic status and then apply expert advice.


How much of a commission does a financial advisor make?

Financial advisor commission can be done two ways: per trade and/or by the amount they make you. For the latter, some advisors can charge up to 10% of your returns. There are advisors not paid by commission but rather a flat fee, though.


Do financial advisors help you with debt?

Financial advisors tell you about what's best for you and your money. A financial advisor definitely can help you find ways to make debt easier to get out of.


Can you make multiple payments on your mortgage?

You should get some good advice from a financial advisor. It may be better for you to make extra payments against the principal depending on how long you plan to keep the premises.You should get some good advice from a financial advisor. It may be better for you to make extra payments against the principal depending on how long you plan to keep the premises.You should get some good advice from a financial advisor. It may be better for you to make extra payments against the principal depending on how long you plan to keep the premises.You should get some good advice from a financial advisor. It may be better for you to make extra payments against the principal depending on how long you plan to keep the premises.


What are the benefits of working with a financial advisor for budgeting purposes?

Working with a financial advisor for budgeting purposes can provide several benefits. These include personalized guidance on creating a budget tailored to your financial goals, expertise in managing investments and maximizing savings, and ongoing support to help you stay on track with your financial plan. Additionally, a financial advisor can offer valuable insights and strategies to help you make informed decisions and achieve long-term financial success.


Can you recommend a reliable money advisor for financial planning and investment advice?

I recommend seeking a certified financial planner (CFP) or a registered investment advisor (RIA) for reliable money advice on financial planning and investments. These professionals have the expertise and qualifications to help you make informed decisions about your finances.


What kind of products and services does Genworth Financial offer?

There are several types of insurance for all needs as well as somepone to help your financial advisor make the best decisions for you financial state.


Long Term Financial Planning?

form_title=Long Term Financial Planning form_header=Make a plan for long term financial success with the help of a professional financial advisor. Have you ever consulted a financial advisor?*= () Yes () No Where is your money currently invested?*= _Please Explain[50] How much do you currently have saved?*= _Enter Amount[50] Are you currently in debt?*= () Yes () No