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-3 votes
There may be a difference in the level or type of services provided...although it could just be the title.
1 vote
www.creditcards.com is an excellent resource.
3 votes
Fee only advisor are not limited by the scope or product or service they are offering. However they often cannot provide insurance or annuity products because they are commissionable and if those are appropriate for you, you will have to be referred ...(more)
2 votes
None. A commission based advisor may be driven to recommend what pays he/she the most rather than what is best for you. Fee based or Fee only advisor typically provide more unbiased advice.
1 vote
That there is an individual, team of analysts, or computer program that are making proactive (and sometimes reactive) trades to your underlying fun investments rather than just tracking and index, such as the S&P 500, which would be considered a passive ...(more)
3 votes
Absolutely not! Look for someone with a CFP designation and other designations that show the advisor is committed to ongoing education and furthering their knowledge. Brightscope has a database that shows what each designation means and how difficult ...(more)
4 votes
Star rating change...Morningstar even just changed their rating system to reflect the underlying process of funds rather than just rank on a star system. I feel underlying fees are more important when comparing index funds...they essentially are holding ...(more)
1 vote
If they aren't transferring their assets away, are providing referrals, answer your correspondence, then it is safe to say they are happy. Especially if they are referring. You wouldn't refer to someone you don't like
2 votes
Toni - your financial advisor should have a service model that they implement with you. For example, I meet face to face with clients as a minimum once a year. Some clients I meet with quarterly. Others I meet with every six months and have conference ...(more)
5 votes
Your plan provider may have a consultant that will help you narrow down you investment selection based on your age, risk tolerance and time frame as well as other investments you have outside of the 401(k). I would also suggest discussing your 401(k) ...(more)
4 votes
Shawn A. Wilson Level 9
Toni-What are your plans for the account? Do you need current income or are you waiting for a later time. Doing a rollover into an IRA may cost you more in the form of higher expenses and upfront or deferred sales charges, not to mention commissions. ...(more)
4 votes
Because an amount equal to what you borrowed with be transferred from your investment selection to an interest bearing account - and you will lose market participation on that amount. Of course your investments can go down in the time period the loan ...(more)
3 votes
In general, if you have anything to do with the 401(k) plan, for example, you are listed as the contact for the plan in your 5500 or plan documents, you have fiduciary liabilities/duties. The best way to mitigate this liability is to work with the plan ...(more)
0 votes
Every 529 plan is different. Work directly with your financial advsior
3 votes
Term life insurance you are just paying for insurance and it is generally the most cost effective. However it only covers you for a finite period of time...the "term." Whole life costs more, will pay a small dividend and if funded correctly will cover ...(more)
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