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Is a financial planner a good person to hire to help me organize my finances?
Wiki User
∙ 10y ago
Whether a financial planner can help you organize your finances depends upon the problems you are facing. They can work to determine if you are using your money well, make a budget and plan for the future.The Certified Board of Planners(http://www.cfp.net/) can help you find a financial planner to help you handle your money problems.
Wiki User
∙ 10y ago
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Who can provide you with good debt advice?
A person that can provide you with good debt advice would be your financial planner. A financial planner can be found at a bank. Preferable a bank that you trust.
Reasons To Work With a Financial Retirement Planner?
For most people, one of the most significant concerns in life is not knowing whether or not they will be financially prepared for retirement. Due to the increasing costs of living and healthcare, as well as the increase in average lifespan, it is nearly impossible for most people to estimate how much money they will need to comfortably retire. To help plan for retirement, most people could benefit by hiring a financial retirement planner. The first way that a financial retirement planner could help a person is to discuss their current personal situation and explain how their goals can be met. A financial planner will sit with an individual, regardless of their age, to get an understanding of how much money they have saved, how much they think they will need at retirement, how much they are willing to save throughout their careers, and when they wish to retire. The retirement planner will explain what lump sum amount of income they believe that their client will need and then create a detailed projection of how much they could expect to have. Based on the projection, the planner will then suggest alternate investment strategies, which could require them the client to save more or invest in riskier securities. After a plan is created, a retirement planner will continue to monitor the progress of their client's portfolio and continue to make suggestions based on their client's circumstances and changes in the economy. Throughout a person's career, many factors could influence how a person should handle their retirement savings. The planner will consistently make suggestions to maximize their client's return and minimize risk. The third way that a financial retirement planner could help a person is to continue to consult while a person is in retirement. The planner will continue to manage their client's money and make other suggestions about how they should handle their finances. This typically will include suggesting whether or not their client should wait to take their social security or pension benefits or if they should purchase an annuity to guarantee a stream of lifetime income.
Where can a person go to get tips on how to finance options including a loan or home mortgage?
If the person already is a customer of a bank, it makes sense to start there, since they already know information about the person's finances, and presumably the person already trusts them with financial matters.
What person manages a client's finances?
The person or company that manages a clients finances can be any of the following: A. A certified accountant or accounting firm; and B. An investment advisor.
Using a Debt Consolidation Calculator?
If you find that it is hard for you to pay off all of your creditors each month, you might need to take out a debt consolidation loan. A debt consolidation loan is a loan that you use to pay off all your other debts, relocating all of your debt into a single loan. This can reduce your interest rates and your monthly payments. At the same time, it can end up costing more in the long run. To compare the benefits and disadvantages of using debt consolidation, it is useful to take advantage of a debt consolidation calculator, which can show you how the new terms affect the cost of the debt.
How does one find out where to get a monthly budget planner?
A financial budget planner assist individuals in managing their person finances. Financial budget planners are available online, often at no cost, from financial advice websites such as Money Saving Expert.
What kinds of jobs does a CFP financial planner do?
A certified CFP basically acts as a mentor or advisor for an entity to plan his finances. It's like investing on interest-bearing business, minimizing expenditures, etc. There are various types of financial planners ranging from personal advisors to large corporations. A Certified Financial Planner is a person who took CFP education course program and was able to pass the CFP Certification Examination.
Who can provide you with good debt advice?
A person that can provide you with good debt advice would be your financial planner. A financial planner can be found at a bank. Preferable a bank that you trust.
What is the title of the person in charge of a companies finances?
CFO or Chief Financial Officer
What are the qualifications for financial planner certification?
Most people with a financial planner certification either have an associates degree in accounting or a bachelor's degree in finance. A person looking for that certification should get a degree first.
Reasons to Do an Unsecured Debt Consolidation?
One of the best things a person can do in a tough financial situation is to do an unsecured debt consolidation. Doing this sort of debt consolidation, a person can truly figure out how to organize and manage one's finances. Debt usually becomes a lot less burdensome when a person does an unsecured debt consolidation. There are all sorts of professionals that a person can seek help from in doing an unsecured debt consolidation. Many financial advisors do pro bono services and can provide this sort of financial help to a person that needs it. Lawyers may also be able to help.
Financial Planner?
A financial planner serves an important purpose for individual clients. Most individuals do not have the time nor the expertise to plan out their future. With this in mind, they hire a certified financial planner to help them come up with a plan that suits their goals and their changing financial situation. This can be a rewarding and lucrative position for those with the financial skills and the personal ability to attract and retain clients.Becoming a financial plannerThere are a few steps that one must go through to become a financial planner. Though it is not a requirement, most will have some sort of background in finance or accounting. This gives them the ability to read the markets and make sound decisions for their clients.Likewise, those looking to become a financial planner will need to pass the CFP exam. Upon completion, they are certified financial planners who have the ability to manage and direct individuals on their finances.What do they make?One of the most important questions for many is just how much money a financial planner makes. These individuals are typically self-starters and much of their pay comes from commissions. This means they make as much money as their skills and networking ability allow them to make. Most start out in the $45,000 to $50,000 range if they are good, and they can build upon that very quickly. The sky is the limit with this field, depending upon a person’s ability to attract wealthy clients and make them money.What do they do?A financial planner will typically sit down with a person and figure out just how much help they need. Some CFPs handle all of their clients’ finances, monitoring their accounts and suggesting investments. Others are just there for advising purposes and act more as consultants. It all depends upon what the client wants, since this is a client-driven business. Much of the certified financial planner’s job is reaching out to new clients and keeping himself on top of the latest investment vehicles. It can be exciting at times and stressful at others, and the work load is determined by the list of clients.
How can a financial plan calculator help organize personal finances?
Financial planning calculators help keep finances organized by calculating future performance and allowing financial plans to be more specific and goal-oriented. There are many different types of these calculators, and each performs a slightly different function. A retirement plan calculator, for example, will help determine how much a person needs to save or invest in order to reach a specific retirement goal. A loan calculator helps a consumer understand and plan for the total cost of a loan over time.
Reasons To Work With a Financial Retirement Planner?
For most people, one of the most significant concerns in life is not knowing whether or not they will be financially prepared for retirement. Due to the increasing costs of living and healthcare, as well as the increase in average lifespan, it is nearly impossible for most people to estimate how much money they will need to comfortably retire. To help plan for retirement, most people could benefit by hiring a financial retirement planner. The first way that a financial retirement planner could help a person is to discuss their current personal situation and explain how their goals can be met. A financial planner will sit with an individual, regardless of their age, to get an understanding of how much money they have saved, how much they think they will need at retirement, how much they are willing to save throughout their careers, and when they wish to retire. The retirement planner will explain what lump sum amount of income they believe that their client will need and then create a detailed projection of how much they could expect to have. Based on the projection, the planner will then suggest alternate investment strategies, which could require them the client to save more or invest in riskier securities. After a plan is created, a retirement planner will continue to monitor the progress of their client's portfolio and continue to make suggestions based on their client's circumstances and changes in the economy. Throughout a person's career, many factors could influence how a person should handle their retirement savings. The planner will consistently make suggestions to maximize their client's return and minimize risk. The third way that a financial retirement planner could help a person is to continue to consult while a person is in retirement. The planner will continue to manage their client's money and make other suggestions about how they should handle their finances. This typically will include suggesting whether or not their client should wait to take their social security or pension benefits or if they should purchase an annuity to guarantee a stream of lifetime income.
What subjects are encompassed by financial planning?
Subjects which encompass financial planning should all revolve around the business aspect. A person certified as a financial planner must know all the current laws and situations which will ultimately help his/her customer.
Where can a person go to get tips on how to finance options including a loan or home mortgage?
If the person already is a customer of a bank, it makes sense to start there, since they already know information about the person's finances, and presumably the person already trusts them with financial matters.
Where can a person find a quality downloadable route planner?
A person can find a quality downloadable route planner from iTunes or on some websites on the Internet. You can get a quality downloadable route planner from Yahoo and Route4me.
