How a Financial Planner Can Help Navigate Life’s Challenges
The need for a financial planner as the ultimate tool to overcome these challenges and secure future financial success.
August 27, 2021
The need for a financial planner as the ultimate tool to overcome these challenges and secure future financial success.
Comparing simple and compound interest mirrors investment choices: bonds offer steady returns, while stocks and funds reinvest dividends, showcasing the value of long-term growth strategies
Exploring College Savings Options: Comparing 529 Plans and Roth IRAs, and the Pros and Cons of Each for Education Funding.
Reduce your retirement tax burden through strategic asset location, balancing taxable, tax-deferred, and tax-free accounts, while considering the complexities and pitfalls of each.
In a sea of conflicting advice, clarity comes from crafting an investment strategy aligned with your goals, rooted in understanding each investment’s purpose.
Using multiple investment firms may seem wise, but it often leads to confusion and suboptimal results, emphasizing the importance of consolidating financial planning efforts for better outcomes.
Investing in dividend-growth stocks like Hershey can yield increasing passive income, but diversification is crucial, and it’s important to remember that dividend payments are not guaranteed
401k’s and IRA’s have different rules for penalty-free withdrawals: while age 59 ½ is commonly known, the age 55 rule allows penalty-free 401k withdrawals upon separation from employment, emphasizing the importance of understanding retirement account nuances for early planning.
Choosing between placing lottery winnings in an S&P 500 Index Fund or a 10-year treasury bond poses a dilemma: guaranteed returns versus potential dividends from a diversified portfolio.
Clients start with a strong financial plan rated “A,” but my goal is to elevate it to “A+,” adjusting for changing variables like tax laws and personal circumstances, recognizing plans become outdated upon creation.
We examine a strategy where the child owns a life insurance policy on their parents, paying annual premiums of $15k for 20 years and receiving a tax-free death benefit of $700k after their passing, achieving an 8.18% internal rate of return.
11215 N. Community House Rd.
Woodward Building – Suite 775
Charlotte, NC 28277
We serve clients in our Charlotte, North Carolina office and virtually throughout the country.
Client stories, answers to your questions, and market guidance delivered every Saturday morning at 9am!
Securities are offered through LPL Financial, Member FINRA/SIPC. Know My Plan is an other business name of Independent Advisor Alliance, LLC. All investment advice is offered through Independent Advisor Alliance, LLC, a registered investment adviser.
Independent Advisor Alliance, LLC is a separate entity from LPL Financial. The LPL Financial representatives associated with this page may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted by residents of any other state.