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Do I need a financial advisor

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Feb 10, 2020 4:43 pm

My last advisor moved almost my entire portfolio to 4 annuities even though I just retired age 70. So it seems I either wait ten years or be penalized and hire a new one. Is it wise to try to handle it myself if I wait until they end or is there so many things I need to know that could be detrimental in the end?

May 3, 2021 6:58 pm

It depends on the stage you are in life if you need a financial advisor and the goals. If you are planning retirement or want to manage taxes, they yes - especially estate planning. If you just want to buy and sell stocks, maybe no. You can find seminars and education workshops through https://www.whiteglove.com
Oct 13, 2021 8:06 am

When you save money, you think to keep it secured and if the money can provide you with a good return nothing could be better than this. LIC schemes are good types of investment for longer terms. There are also other options for investment that can provide good returns.
Stocks & Equities: It is a unit of company ownership with greater dividends. This investment can be a medium or long-term investment to hold.
Debt Mutual Funds: These funds are a mix of treasury bills, government securities, corporate bonds, liquid, or money-market funds. It is a low-risk investment. Where the interest and maturity dates are pre-decided.
Mutual funds: It is a financial instrument that pools money from different investors to invest in stocks, bonds, and other money market instruments. It is less risky and considered for long-term returns.
Each type of investment offers various risk levels. Before considering any investment plan, you can have a word with a professional financial consultant. You can also get an online financial advisor who can guide you to get the best investment plan for you.
Oct 13, 2021 9:42 am

A financial advisor is a person who will help you manage your finances. They assist you out by helping you manage your expenses to help you invest. They also help you with your taxes and try their best to save as much as you can and make the most out of your investments. They even help you out by providing a complete personalized financial plan for you. One should consider opting for a financial advisor.
https://www.kotaksecurities.com/