As a financial advisor and certified financial planner, I know I can't help every prospective client who comes through the door. Sadly, the financial advice industry has become so confusing for investors to navigate, that many investors now need a college-level course on the subject just to figure out whether they should even consider working with an advisor.
The result is that many individuals who actually could benefit from ongoing financial counsel don't seek it. Here are a few of the most common objections I hear from investors who really should consider working with an advisor. One reason many investors are hesitant to work with a financial advisor is they feel their financial life is too simplistic to justify the cost of an advisor.
While this is certainly true in some cases, there's also a tendency for investors to assume that because they are in this situation, it must be common. No matter how similar they may seem, no two financial situations are exactly alike. Even the most "basic" of situations on paper can mean a wealth of planning opportunities for an investor.
Just as the saying goes, "you don't know what you don't know", it isn't always readily apparent what financial decisions were made up to this point, what changes to consider now, and what preventative planning should be done today.
For this family, there are a number of follow up questions that would begin to help clarify what potential planning opportunities exist and what aspects of their situation may have been overlooked for quite some time.
Perhaps the parents could use some of the extra cash or the inheritance to "superfund" plans, or maybe it's possible to reduce their taxable income while saving for retirement by contributing to a SEP IRA for the consulting work.
How long has the inheritance and extra cash been sitting in the bank, earning next-to-nothing? Is there an estate plan in place?
Where are the old k and b plans and what's the investment strategy? Does it make sense to consider a Roth conversion or utilizing a Roth k at work? There are two types of do-it-yourself investors: individuals who are interested in the markets and think of investing as a hobby of sorts, and individuals who pick an investment mix when starting a new job and never really look at it again.
Although most individuals could benefit from some financial guidance from time to time, that doesn't mean an ongoing advisory relationship makes sense for that person. Particularly for recent graduates or individuals just getting started saving for retirement, a financial advisor may be overkill.
In other situations, it may be worth considering whether self-managing is in your best interest, particularly over the long-term. In lieu of an ongoing relationship with an advisor, DIY investors often search for a one-off financial health checkup; that is, review their asset mix and other financial decisions they've made to this point.
It may sound reasonable, but in many situations, this type of insular advice without any ongoing support or help implementing the recommendations falls well short of the guidance an investor actually needs. Knowing when to ask for advice is a good thing, but a plan on paper isn't worth much if just stuffed in a desk drawer.
That is, only one in five people who freely admit to having a problem is truly committed to taking corrective action on it in the immediate future. Putting all of the financial planning components aside, properly managing your investments can be a great deal of work.Reddit personal finance subs continue to be a great resource for expanding your money knowledge in From investing, money management, travel hacking, FIRE or frugality, there are financial communities on Reddit covering it all.
Reddit has grown to one of the top 25 websites globally for traffic and overall rank. In terms of the social media platforms, Reddit might have a reputation to make you believe it might not be an effective medium for financial discussion and advice. However, the opposite is true in a big way. There are niched down subs on every financial topic and willing members of the community happy to provide you support, advice and yes…sometimes a little humor or rough around the edges advice.
Inyou can add the wonderful world of Reddit to the list of the best personal finance podcastsbest personal finance blogs and top financial books as trusted sources for content. Whether you want to lurk like I have for years or be an engaged member of one of the Reddit personal finance subs, there is value to be had.
Ask a question, lurk and review threads, search for evergreen advice or stay up-to-date on the latest financial news. Here are some of the best Reddit personal finance subs to help you push your money and life forward.
With over At any time of the day or night there are thousands of members online. The sidebar has links driving you to sections for advice and foundational content specific to your age, financial topics and more. From emergency funds to investing and everything in between, that Wiki is a great starting point.
Users pose questions for financial advice or share relevant articles. The flaring system tagging posts with specific colours and headers to identify theme or category helps you easily navigate the different content.
The side menu includes links to other subs and communities. Plus recommended books, financial blueprints, FAQs and a Wiki. Plus there are also AMAs ask me anything with leaders from the Canadian financial community. Next up is the Financial Planning Reddit sub. The Financial Planning sub is also one that digs a bit deeper when you want to and can get more specific in terms of the questions asked and topics discussed. Content creators share their blog posts, podcasts and videos.
Random users pose questions on retirement or taxes and CPAs jump in with their thoughts. You can truly build a well-rounded mindset around taking control of your money and life on this sub.
The sub has over 1 million subscribers and upwards of a couple thousand member online at any given time. One of the popular ongoing themes on the sub is Thrifty Thursday where users can share their furgal wins. The advice, first-hand experience and stories of frugality and saving money know no bounds. Housing, transportation, foods, subscriptions, clothing, DIY and almost every other topic applicable to most of us are discussed on the daily.
If you want to save money and embrace the mindset of frugality, this is the sub for you.Now that we many of us no longer balance a checkbook, tracking and expenses and keeping up with the bank balance can get a little difficult. Personal finance apps can connect with your bank account and help you keep up with your spending. The best personal finance apps provide several different features email reminders, bill due dates, track subscriptions, shared wallets, etc.
All the apps on our list are available on both iOS and Android, so you can enjoy no matter which smartphone giant you're partial to.
You can keep track of your bills and spending and create a budget you can stick to. Free access to your credit score is one of the more recent additions. You can get a breakdown of the factors contributing to your credit score to stay on top of your credit health.
Plus, you can track your investments and schedule utility payments. For bills that you manually pay, the app can send e-mail reminders or add the due dates to your phone calendar.
You can use the app exclusively or access your account via computer. The rules — Give every dollar a job, Embrace your true expenses, Roll with the punches and Age your money — not only help you build a better budget but also help you gain control of your spending.Survivin promoter
Import transactions from your checking account and apply them to each budget category to get an accurate picture of your spending. Keep a balanced budget by adjusting budget categories if you accidentally overspend or if you underbudgeted for a certain category. Detailed reports show you how your spending is progressing throughout the month and help you spot places that you can improve your spending.
When Is It 'Worth It' to Work With a Financial Advisor?
You can try the app for free for the first 34 days. Personal Capital is a personal finance and wealth management app that allows you to manage your assets and investments along with your everyday spending accounts.
The service integrates with more than 14, financial institutions so you can link your accounts within the app. While you can connect to your bank account to track spending and create a monthly budget, the app really shines in helping you track and optimize your investments.
You can track your portfolio by account, asset class or individual security. With built-in intelligence available on the tablet version of the app, you can discover opportunities for diversification, risk management, and discover any hidden fees you may be paying. Personal Capital provides registered financial advisors who can provide you with customized advice tailored to your goals.
More and more companies are moving to subscription models. On top of getting rid of extra subscriptions, the app analyzes your spending behavior and gives you recommendations to improve your financial health. Clarity Money allows you to make regular savings deposits and attach a goal to your savings. You can even create several savings funds with different goals. Prism shows all your bills and financial accounts in a single app, giving you a complete picture of your finances. The app touts 11, billers — more than any other app — including larger banks and even smaller utility companies.The Crimson Tide will host Mercer (no line) while Auburn opens as a 35.
The second closest game of the week is expected to be Missouri at Vanderbilt. Georgia is a 22-point favorite over Kentucky after getting crushed by Auburn over the weekend. Kentucky is coming off a win and is looking for its first 8-win season since 2007.
Next up are two teams that fired their coach midseason, Florida and Tennessee.
The Gators are 11 point favorites over UAB while Tennessee, in its first game without Butch Jones, will be a 14.
So, make your picks and get ready to make your moves over at MyBookie. Note: These lines were taken from VegasInsider. All games are Saturday. Conor McGregor fight is drawing so much interest. Betting odds for Conor McGregor continue to improve thanks to sizable wagers rolling in on the Irishman for his fight against Floyd Mayweather. Editor's Picks'The Super Bowl of boxing': How Vegas made Mayweather-McGregor oddsThe last time famous Las Vegas oddsmaker Jimmy Vaccaro made a fighter a -2,700 favorite, the year was 1990 and Mike Tyson was fighting Buster Douglas.Mount dd image windows
Here is the story of how Vegas made odds on the Floyd Mayweather-Conor McGregor fight. Here is a running file of the biggest Mayweather-McGregor bets across Nevada sportsbooks. Across town at the South Point sportsbook on Monday afternoon, another big wager came in on a McGregor prop bet with a better payout.
The Mayweather-McGregor fight will take place on Saturday, Aug. The Week 10 slate starts with a bang thanks to a divisional game in the Thursday slot and doesn't let up. Like the week prior, it boasts more unfamiliar teams against one another in interconference showdowns, such as when the New Orleans Saints collide with the Buffalo Bills. Thanks to these unusual matchups, the lines set by oddsmakers out of Las Vegas can seem akin to a minefield for those bettors looking to build a bankroll over the second half of the season.
Below, let's get an early glance at the full set of lines and nail down some predictions. NFL Week 10 Schedule, OddsLuckily for bettors, the divisional game to start the stretch looks timid. On paper, the Seattle Seahawks shouldn't have many problems with the Arizona Cardinals.
Russell Wilson's team has looked good on the road this year at 2-2 (the losses coming against Aaron Rodgers and Marcus Mariota, which are acceptable), squashing that particular narrative. This has to do with the Cardinals more than anything, though.
The team has four wins on the season, but said marks in the victory column have come against:Those are not great wins, and here's the kickeronly one of those games had a final by more than a touchdown margin and two needed overtime.
These Cardinals aren't doing anything particularly well and are down one of the league's best running backs in David Johnson, not to mention starting quarterback Carson Palmer. The Seahawks have won four of five, the only loss over the span being a three-point affair.
Wilson keeps excelling behind a poor offensive line and is up to 17 touchdowns and six interceptions, while his defense boasts 23 sacks and eight interceptions while only permitting 18. This would be a scarier line if the Cardinals were healthy, but they instead boast an inflated record and help create a matchup ripe for bettors to take advantage of while starting the week off right.
It's an odd season when bettors can count on a three-win Chicago Bears team for a good payout.SCOTLAND: Aberden-Celtic, Bet: 2 FT Odds: 1,78 Become a premium member today.
EUROPE: Manchester United-Celta Vigo, Bet: 1 FT Odds: 1,55 Become a premium member today. Sports predictions for MLB, basketball, tennis and football Home Members Tips Premium Tips Buy premium E-sports Predictions Free Tip Forum Blog My Account Home Members TipsPremium Tips Buy premium E-sports Predictions Free Tip Forum Blog My Account Free daily sports prediction.
Daily free football pick. Recent Posts Professional CS:GO e-sports betting tips Affiliate tips Free daily sports prediction. Recent CommentsJames mwangi on If you are new to sports bettingElitasaru on Free daily sports prediction.
Tipster on Why you should buy sports betting predictions. If you are under 18 please leave the website. Although some surprises would be nice as well.
My guess : a brand new mind-blowing Blizzard game. After seeing Jaina's key art, the leaked model with the Kul Tiras model, AND i think we've all be waiting to see what Jaina's been up to, I seriously think it will have something to do with Kul Tiras.Lenovo m90 bios
Maybe Azshara will hang around as well. We could possibly be seeing something that would expand on the lore of the void, as it has been explored more in Legion. It will be revealed that the foolish surface dwellers of Azeroth have been ignoring their real enemy.8th grade social studies textbook pdf mcgraw hill
N'zoth rises, and with him the Black Empire will once more dominate the pathetic mortal races of Azeroth. N'dhgi ghu'hul uh'nah belore.
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I can't imagine that they wouldn't reveal the expansion. Hopefully as part of that, they will include subraces for all races. I'm hoping they reveal the next expansion. I'm HOPING a new race will be added, as we haven't had one in quite some time. I think that they will reveal something that most people aren't expecting,like the backside of azeroth or another island with old god issues (like pandaria) or a 5th old god and i think that they will reveal one of those.
I believe we will finally see a Kul Tiras related expansion since all the data discovered points to that. Also, I hope for some Old Gods, Jaina's return, Zandalari maybe. Ive been dreaming of this for over 4 years now: Panda Druids. Blizzard please just let me give you that race change money and let me be a bear bear.What is a Decentralized Application.
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The Hammers have only picked up one point since Moyes' appointment but, despite their poor form, Chelsea head coach Antonio Conte says his side need to maintain their concentration at the London Stadium, having lost on three of their last six visits to West Ham in all competitions (W3).
Also this is a very physical team. For sure they have the potential to do better. I hope not tomorrow, but after our game. I am surprised they have struggled. Watch a preview of Saturday's Premier League fixtures which include the London derby between West Ham and Chelsea as well as Leicester's trip to St James' Park Watch a preview of Saturday's Premier League fixtures which include the London derby between West Ham and Chelsea as well as Leicester's trip to St James' Park "In their last game, I saw Manchester City struggling a lot before they won.
It won't be easy and it's a London derby. We must pay great attention. Spanish goalkeeper Adrian impressed when deputising for Hart against his parent club Man City last weekend and he is poised to keep his place. Danny Drinkwater is out of Chelsea's trip after missing three days' training through illness while David Luiz remains sidelined with a knee injury and Conte reluctant to put a timescale on his absence. The Blues, who have been without Charly Musonda and Kenedy in recent weeks, also have "two or three" undisclosed doubts.
Joe Cole joins the team on Premier League Live Joe Cole joins the team on Premier League Live Watch Chelsea TV free this Christmas. Christmas comes early for Chelsea fans. Watch Chelsea TV for free from December 8-18 on Sky channel 421. West Ham have won just two of their last 22 Premier League games against Chelsea (D4 L16), losing both matches last season 2-1. Manchester City 2-1 West Ham Manchester City 2-1 West Ham Half of the eight Premier League defeats that Chelsea have suffered under Antonio Conte have been in London derby matches - Arsenal, Tottenham and Crystal Palace (twice) during the Italian's reign.
See 2017 out, and the New Year in, with a bang. There's more than 50 live games on Sky Sports this festive season. Upgrade to Sky Sports.
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