Financial Planning
Things to know when choosing a financial adviser
Just like planning for retirement, choosing a financial adviser can be much more challenging than it sounds—especially for senior needs. Today, we’re releasing “Know your financial adviser ,” a guide to help you ask the right questions if you’re shopping for an adviser with a title suggesting expertise in senior financial planning. Titles like “veteran’s adviser,” “retirement adviser,” “senior specialist,” “benefits coordinator” or even “financial planner” don’t always mean the professionals are qualified to help you manage your money. Some titles require in-depth training, while others are easily picked up over a weekend.
Source: Consumer Financial Protection Bureau
Read MoreFinancial Planning for First Time Homebuyers
Banks and other mortgage lenders don’t hand out home loans to just anyone. To secure a mortgage, a borrower needs to prove to the lender that they’re on solid financial footing and capable of meeting the terms of the loan. And the more solid that footing is, the more favorable their loan terms are likely to be. Thus the upfront effort you put into making yourself a more attractive borrower can save hundreds, even thousands of dollars, in costs. To strengthen your borrowing position:
Source: The Financial Planning Association
Read More50 Personal Finance Tips That Will Change the Way You Think About Money
A Few Financial Basics 1. Create a Financial Calendar If you don’t trust yourself to remember to pay your quarterly taxes or periodically pull a credit report, think about setting appointment reminders for these important money to-dos in the same way that you would an annual doctor’s visit or car tune-up. A good place to start? Our ultimate financial calendar.