Sentences with phrase «of financial planners recommend»

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.

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.

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.

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.

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.

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

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.

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.

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

Others call themselves financial planners, but they may only be able to recommend that you invest in a narrow range of products, and sometimes products that aren't securities.

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

Of course, consulting your tax advisor and financial planner that this method works for you is always highly recommended.

To access these scores and reports, financial planner Bob Forrest of Mutual of Omaha recommends using AnnualCreditReport.com, where you can get a free copy of your report every 12 months from each credit - reporting company.

We recommend you do not invest in these products unless you have a written Statement of Advice from an independent, licensed financial planner stating that the product is suitable for you.

Certified financial planner Jonathan Meaney recommends having the equivalent of a few years» worth of living expenses set aside in case there is a job loss or other surprise.

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.

Along these lines, financial planners often recommend clients develop their portfolio allocations using a «pyramid» approach, where the bottom layer of the pyramid is filled with the safest assets to meet the client's most important objectives.

Through ongoing relationship management, Financial Planners offer advice with a focus on retirement and investment planning, assisting clients in identifying financial goals, potential barriers and recommending appropriate solutions made up primarily of Financial Planners offer advice with a focus on retirement and investment planning, assisting clients in identifying financial goals, potential barriers and recommending appropriate solutions made up primarily of financial goals, potential barriers and recommending appropriate solutions made up primarily of TD funds.

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

Financial planners typically recommend saving 10 percent to 15 percent of your income annually to save enough for a comfortable retirement.

Part of the financial planner's recommended plan was to get a reverse mortgage.

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

We recommend that you discuss the various types of trusts with your financial advisor and estate planner.

In fact, Scott Goble, CPA, Financial Planner with Sound Accounting, recommends basic estate planning for all families with assets of $ 750,000 or more for three main reasons: value, inflation, and exemption.

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.

Most financial planners, such as Dave Ramsey and Suze Orman, will recommend you buy term life insurance instead of whole life insurance and invest the difference.

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

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.»

While some financial planners will recommend rounding whatever number you got to the nearest $ 10K, just remember that at the end of the day, you should be realistic.

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

For example, some financial planners and advisors recommend buying 8 to 10 times your annual income, but to advise consumers to buy that much life insurance regardless of other factors would be disastrous.

It's typical for financial planners to recommend that a life insurance policy be taken out for an amount that not only covers the lost income of the deceased, but some additional amount to cover other costs.

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.

I recommend you to consult an independent financial planner who is not selling insurance but understand the ins and outs of the IUL.

Use of a financial planner is highly recommended in those cases with higher net worth marital estates.

If there are businesses or extensive portfolios involved, a neutral financial professional (such as an accountant or financial planner) is retained to efficiently gather needed documents, provide sensible options for the division of assets and debts, and recommend how the clients can best position their financial futures.

More and more financial planners are beginning to recommend reverse mortgages as part of a long - term retirement plan.