Sentences with phrase «financial planners recommend»

Yet, some financial planners recommend cross-ownership between spouses whereby each spouse owns, and thereby controls, a life insurance policy on the other's life.

This is the amount of money financial planners recommend, since it allows the surviving spouse to take only a small percentage of the lump sum each year to meet living expenses.

Many financial planners recommend new parents buy term life insurance.

Some financial planners recommend that the two entities be kept separate and advise their clients to take term coverage.

Financial planners recommend that your sum assured should be at least 10 times of your annual income.

Another approach I hear often in regards to figuring out how much life insurance you need is this: «As a rule of thumb, most financial planners recommend 7 - 10 times your annual income.»

That is why many financial planners recommend buying term life and investing the difference between the cost of term and whole life.

Whether it's to provide income replacement, pay off final expenses, or help loved ones in need of extra financial support, most financial planners recommend life insurance as part of a solid financial plan.

There is no one ideal budget since everyone's priorities are different, however some financial planners recommend the following budget instead:

A majority of the financial planners recommend that the primary step in every financial preparation should be to make sure that one has sufficient health insurance plan.

Many financial planners recommend that you maintain about 6 to 8 months of living expenses in your savings account.

It's for this reason that many financial planners recommend that their clients delay claiming their benefits for as long as they can.

Many financial planners recommend holding cash equal to 2 years» withdrawals to draw on when your investments are down.

Fee - only financial planners recommend two classes of shares at American Funds that are no load.

Most financial planners recommend putting down a 20 % down payment.

Most financial planners recommend SIPs to their clients.

In fact, the median retirement savings for people 65 and older is estimated to be $ 172,000, well short of the amount that financial planners recommend.

Many financial planners recommend new parents buy term life insurance.

How much you choose to save is up to you and your budget, but most financial planners recommend setting aside 10 % per paycheck for retirement.

In fact, most financial planners recommend that housing costs comprise no more than a third of a household budget.

There is no one ideal budget since everyone's priorities are different, however some financial planners recommend the following budget instead:

Most financial planners recommend that home buyers make a down payment amounting to 20 % of the price of the home.

Thinking outside the box, why can't financial planners recommend index funds to their clients?

Whether it's to provide income replacement, pay off final expenses, or help loved ones in need of extra financial support, most financial planners recommend life insurance as part of a solid financial plan.

Here are five tips financial planners recommend to ramp up your retirement savings later in life.

However, most financial planners recommend having a diversified portfolio, including components such as bonds and foreign markets.

You may prefer to be closer to 33 % DTI, which is a range in which financial planners recommend you live.

If your financial planner recommended a line of credit initially, it may have been that you had high interest rate debt to pay off.

It doesn't work to follow the path to financial wellness because a spouse, parent, friend or financial planner recommends it.

Not exact matches

Davidson recommends looking for an adviser with at least 10 years of experience in financial planning and who has a CFP (certified financial planner) designation, which is considered the «gold standard» for financial planning.

Financial planners think the need for growth is just as important for retirees as younger investors, with 76 percent of respondents recommending that an allocation of between 51 percent and 75 percent of a retiree's portfolio be in stocks.

Charles Sachs, a certified financial planner and accountant in Miami, recommends using the spending log and other tools in the «Building Wealth» online guide, created by the Federal Reserve Bank of Dallas, to track your spending and create a budget.

Anderson also recommends finding a financial planner through the Certified Financial Plannfinancial planner through the Certified Financial Plannerplanner through the Certified Financial PlannFinancial PlannerPlanner Board.

For boomers already holding a great deal of their portfolios in the stock market, Jeff Rose, a certified financial planner and owner of investing blog Good Financial Cents, recommended safe investing through peer - to - peerfinancial planner and owner of investing blog Good Financial Cents, recommended safe investing through peer - to - peerFinancial Cents, recommended safe investing through peer - to - peer lending.

Financial planners typically recommend setting aside 15 percent of your salary annually (including matching contributions from an employer) to save enough for a comfortable retirement.

Certified Financial Planner Vid Ponnapalli, founder of Holmdel, N.J. - based Unique Financial Advisors, recommends this simple approach: «A stock is nothing but [a share in] a company,» he says.

Where specific advice is necessary or appropriate, Schwab Charitable recommends consultation with a qualified tax advisor, CPA, Financial Planner or Investment Manager.

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).

Where specific advice is necessary or appropriate, Schwab recommends consultation with a qualified tax advisor, CPA, financial planner, or investment manager.

«If refinancing to a good rate is not possible, we recommend clients put all their energy into knocking it out ASAP,» says Daniel Wrenne, a Certified Financial Planner at Wrenne Financial Planning.

A handful of credit experts and financial planners we interviewed also recommend this.

St. Louis financial planner Chad Slagle recommends determining how much coverage to get this way: «Add up all your debt — autos, house, credit cards, outstanding student loans — and calculate how much insurance would pay off that debt and then give you enough interest income to cover your expenses while staying home to take care of your family.»

Financial planners often recommend two to six months worth of emergency savings; seniors may be more comfortable with a year in reserve.

Banerjee would recommend sitting down with a financial planner.

Scott Stratton, a certified financial planner (CFP) and founder of Good Life Wealth Management, said many experts recommend that retirees start with an annual withdrawal rate of 3 percent to 4 percent.

HOW MANY TIMES CAN I SAY THAT!!!!! Best decision we ever made was to start «early», not quit in the retirement savings plan and work with a recommended ACCREDITED financial planner.

Investment advisers and financial planners commonly recommend that before you begin investing you should have a well - stocked emergency fund.

We do recommend that you check with your CPA or certified financial planner to successfully navigate these new capital gain rules.

However, that misconception is quickly dissipating as more and more financial planners and retirement advisors have begun recommending reverse mortgages as part of a comprehensive retirement strategy.

Financial planners typically recommend setting aside 15 percent of your salary annually (including matching contributions from an employer) to save enough for a comfortable retirement.