In terms of planning for the future, how do financial advisors help individuals and families?
Financial advisers offer advice on a wide range of financial topics. They will show you how to: • Set realistic goals and take steps to achieve them • Assess your current financial health by examining your assets, liabilities, income, insurance, taxes and investments • Decide on what type and level of insurance you need • Save for your future goals (i.e. house renovations, children’s education, reducing your debt) • Plan and save for retirement • Build an estate to leave to your family • Save and invest in smart ways to reduce your tax • Put your financial plan into action and review it’s progress Q: What are the main differences between leaving your money in the bank and putting it into, say, the stock market or property? A: Shares and property investments are considered to be higher risk investments as there is greater probability of capital loss than cash. Most investors will invest in shares and property where they have an investment timeframe greater than seven years & have a desi
Related Questions
- What Assistance Programs Are Available to Help Cover Health Care Costs for Disabled and/or Low-Income Individuals and Families?
- What resources exist to help families have productive discussions about long term care planning?
- How can pre-release planning help elderly individuals address their healthcare needs?
