General Investment FAQs
With the variety of investment choices available today, it is difficult to make a solid financial plan without researching your own needs and determining appropriate products to meet those needs. Unfortunately, our daily lives often prevent us from spending the necessary time to reach our financial goals. Working with a financial professional allows you to get assistance from someone who can pinpoint your needs and do the research for you. Taking a professional approach to meeting your investment needs and goals can save you time and allow you to make solid choices in regards to your financial plan.
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Recommendations and Assistance
To assist you in developing a financial strategy that’s right for you, it is important for your financial professional to understand as much about your finances as they can. For your protection, the National Association of Securities Dealers (NASD) requires your financial professional to ask about your financial situation, financial goals, investment time horizon and risk tolerance in order to assure your choice of investments are suitable for your financial situation.
You should plan to meet with your financial professional at least once a year to reevaluate your plan strategy. If you have a major change in your life – an inheritance, a new child, a death, marriage, health concerns – you should meet with your financial professional to make any needed adjustments. Remember this is your financial strategy and you should know how you are progressing towards your goals.
With tax-deferred growth, you do not have to pay taxes on your earnings until you withdraw your money. This allows you to keep more of what you earn and increase your savings.
One of parents’ biggest concerns is giving their child the best education possible. A solid education, a good job, a secure future – you want nothing less than a future filled with happiness and security for your child. It’s never too early to start planning and it is never too late to evaluate your resources. There is a lot of information available on the Internet, through bookstores, and from financial agents in regards to saving for your child’s future. Keep in mind that every family’s situation is different and strategies should be tailored to an individual’s situation.
Focus on the Goal