Sentences with phrase «financial planners because»

It's so bad that even insurance people want to be called financial planners because it sounds friendlier.

Terms plans are considered to be the best form of insurance by financial planners because this type of insurance provides high cover at a low price.

Guaranteed universal life insurance policies are a common choice for estate attorneys, bankers, and financial planners because they are less expensive than other types of «permanent» life insurance, and most companies will offer at least $ 5,000,000 of coverage.

Term insurance is considered the best and most suitable plan by the financial planners because it provides higher cover at lower premiums.

Not exact matches

«Financial planners have an economic bias to encourage investors to take or keep lump sums as opposed to choosing pensions — because we can charge fees on the former, not the latter,» Maurer added.

«It's tough, because it's such a low - interest - rate environment, that getting exposure to something that's risk - averse has been extremely difficult for wealth managers and financial planners,» Solari said.

«The more you put in today, the much more you'll have later down the road because of the time value of money and the growth on investment returns,» Michael Solari, a certified financial planner with Solari Financial Management, told Businessfinancial planner with Solari Financial Management, told BusinessFinancial Management, told Business Insider.

«Some younger investors... are extremely risk averse because they have seen their parents lose their jobs, lose equity in their homes and experience stock market declines after 9/11, Enron and the global financial crisis,» the certified financial planner said.

This works because the fee - only financial planner is compensated by you directly, and not by a third - party annuity, life insurance, or mutual fund company.

Well, the onus is on you, the parent, because you can't count on them learning about money matters in school, said Thomas Henske, a certified financial planner and partner at Lenox Advisors.

«Financial advisors drive millennial clients away because they treat them like children, when they really need to feel they're on a team,» said Misty Lynch, a certified financial planner with John Hancock iFinancial advisors drive millennial clients away because they treat them like children, when they really need to feel they're on a team,» said Misty Lynch, a certified financial planner with John Hancock ifinancial planner with John Hancock in Boston.

«It's very important that students know the interest rate on their student loans, because the interest rate will ultimately determine how much interest they're going to be paying dollarwise over the life of that loan,» said Clint Haynes, certified financial planner and founder of NextGen Wealth.

Millennials frequently report a distrust of investing and stocks, in part because they've lived through so much market turbulence, says Daniel Sheehan, a certified financial planner on NerdWallet's Ask an Advisor platform.

The rule isn't a problem for us because clients have available to them full access to our financial planners.

In fact, I know several financial planners who recommend nothing but ETF portfolios for their clients (even though many won't because they don't get paid through such recommendations).

This is partially because it runs counter to the business models of financial planners and Wall Street.

It's critical for financial planners and investment advisors to work closely with their clients» estate planning experts, because they're able to spot problems early, while there is still time to fix them.

Also, I can not give you official investment advice because I am not an investment adviser registered with the SEC and I am not a CFP (certified financial planner), so if you watch the videos and you see me trading a certain ETF or stock please do not interpret it as a recommendation.

Because each individual's situation is different, the reader should consider working with a Financial Planner for their specific financiFinancial Planner for their specific financialfinancial needs.

That's because «departments can share information,» says Linda Farinola, a certified financial planner in Princeton, New Jersey.

Most times, the recommendation to wait till 70 is made because the financial planner industry is trying to maximize client dollars in retirement, he says, but that may not necessarily be the client's goal.

«Because the government isn't paying your interest, it accrues and is added to your balance,» explains Katie Brewer, a Certified Financial Planner at advisory firm Your Richest Life.

You wouldn't believe a financial planner who promised 100 % returns with no risk because your knowledge and experience show you that is such an extremely low probability, so while noone can say with absolute certainty that angels do not exist, the likelihood is extremely low and there is no evidence.

Consumers often postpone a visit to a financial planner, skip going to the gym, or put off having a drink with a friend just because they are so close to completing what they are doing at the moment,» write authors Ji Hoon Jhang (Oklahoma State University) and John G. Lynch Jr. (University of Colorado).

As a Certified Financial Planner, Hutchinson has seen this real life Michelle and Robert situation, when a client's finances were affected because the spouse who had agreed to pay the remainder of the loan in her name became unhappy with the rest of the divorce process and stopped making payments.

Of the over 5,000 Crash Proof Consumers, the average rate of interest (credited annually) is 5 - 8 % with no market losses on principal or interest increases, and no fees whatsoever because of the exclusive and proprietary Crash Proof Retirement System (the kind of investments Philadelphia financial planners won't tell you about).

AC: I would say so and I guess if you really can't tell from our discussion we were for it because we think that the industry should be under the fiduciary standard and I think you will find that most fee - only financial planners are all for it.

Alternatively, it could benefit those who want to hire a financial planner, because they would better learn how to choose a planner, and better evaluate the advice that their planner gives them.

That's because you've entered what financial planners like to call the «mass - affluent» class of investor.

Frame the discussion in terms of shared goals, because a high credit score by itself isn't worth much, says Joshua Harris, a certified financial planner and lecturer at Clemson University.

Alim Dhanji, a certified financial planner at Assante Financial Management in Vancouver, says he has seen thirtysomethings turned down for mortgages because they have no creditfinancial planner at Assante Financial Management in Vancouver, says he has seen thirtysomethings turned down for mortgages because they have no creditFinancial Management in Vancouver, says he has seen thirtysomethings turned down for mortgages because they have no credit history.

«Marina needs to get past the emotional part of establishing that she is financially independent and start focusing on what her goals are, because she has more than enough money to live a long and healthy life,» says Tom Feigs, a financial planner with Money Coaches Canada in Calgary.

Matt Hylland, founder and financial planner at Hylland Capital Management in North Liberty, Iowa, says some families prefer 529 savings plans because they are able to save in small increments, unlike prepaid plans which typically require larger monthly installments.

The thing is, most insurance agents scammers financial planners will probably try to push the more expensive, frills - laden product on you, simply because of the way their incentives are structured.

While all these are great IRA investment strategies, there is one other option that most financial planners won't tell you about... either because it's too risky or because it involves a little extra work.

Troy's financial services are unbiased because as a NAPFA Registered Fee - Only financial planner he receives no commissions or any other compensation from vendors.

Therapists and financial planners say they're seeing more financial infidelity than ever before, perhaps because more and more marriages consist of two - income couples.

In fact, I know several financial planners who recommend nothing but ETF portfolios for their clients (even though many won't because they don't get paid through such recommendations).

I never got my CFP / CSC because it's just not worth my time to take the courses and exam for what the designations would bring me; if something like that were to be a mandatory requirement to talk to clients about investing and their financial plans that would keep me and several other part - time educators / planners / coaches / DIY - support people out of business.

This gambit, however, demands a propensity for risk, according to Shashin Shah, a certified financial planner in Dallas, because the borrower will have to invest in volatile stocks.

Because these calculations are not usually within a lawyer's skill set, many lawyers and clients will use the services of a divorce financial planner to get accurate calculations that can form a solid basis for negotiation and decision making.

You might still want to look over your inheritance with a financial planner to determine whether there will be any tax burdens on your heirs, because a life insurance policy is a good way to pay for those.

Jason Heath, a Toronto fee - for - service financial planner at Objective Financial Partners says, «insurance isn't always a clear winner, and because you're giving your money to an insurance company to invest you're giving up flexibilitfinancial planner at Objective Financial Partners says, «insurance isn't always a clear winner, and because you're giving your money to an insurance company to invest you're giving up flexibilitFinancial Partners says, «insurance isn't always a clear winner, and because you're giving your money to an insurance company to invest you're giving up flexibility.»

This is a much shortened list of available articles, because there are many other personal financial planning articles posted on The Pasadena Financial Plannerfinancial planning articles posted on The Pasadena Financial PlannerFinancial Planner website.

Ayana Forward, a certified financial planner with Ryan Lamontagne Inc. in Ottawa, agrees, adding that, «Phoebe worries because she doesn't know where she stands financially.

«HELOC closing costs are usually inexpensive, because it's a revolving line of credit,» says Cary Carbonaro, a certified financial planner and author.

Fee - only financial planner Rona Birenbaum says that's because asset - based advisors charge 1 % or more of your portfolio each and every year whereas an annuity merely pays an advisor a one - time commission up front of 1.5 % or 2 %, and that's it.

Which is notable both that major investors now see the upside of «robo» platforms as expanding them back into human advisors, and also because if it works it could dramatically alter the landscape for 401 (k) rollovers by making those assets «advised» by a comprehensive financial planner before they ever become a rollover opportunity in the first place!

«Sometimes I encourage people to bank capital losses, even if they have capital gains, because they're going to be in a higher tax bracket in the future,» says Jason Heath, a fee - only certified financial planner and income tax professional at Objective Financial Partners infinancial planner and income tax professional at Objective Financial Partners inFinancial Partners in Toronto.

I would say that this Joe fellow could be one of the financial planners who is new in the industry, doesn't explain the MER's well to his clients, and has just lost one (or more) big clients because they talked to a group plan representative.