Several studies show that happiness levels increase as an individual earns more until reaching about $75,000 in annual salary. No matter how much over $75,000 people earn, they don’t report feeling happier. Typically, financial advisor conversations are centered around how to achieve financial goals. This can be done by saving money, living a healthy and affordable lifestyle, and having a fee-only investment advisor tailor a strategy to meet the overall financial plan.
How do investors know what to trade? This investing guide was written as a blueprint for investors looking to get on track and stay on track by tailoring their investments to their financial goals. Every investor wants to grow their net worth while taking on less risk. How can one go about that and stay on track? As a fee-only investment advisor in Los Angeles, here is how I recommend getting started with investments.
As a fiduciary financial advisor in Los Angeles, my hope is to shed light on types of financial advisors in the marketplace and how to find a fiduciary. Historically, investors have several reasons to doubt if financial advisors are serving them under a fiduciary standard acting in their best interest. Regulators of the Securities and Exchange Commission (SEC) and states have made laws over the years to give more transparency. Yet, investors are not always aware of the standards in place and how they are protected. It’s important to understand the types of financial advisors encountered in the crowded financial marketplace.
In recent weeks, Aretha Franklin passed away without an estate plan in place. She is not alone. According to a 2017 survey from Caring.com, over 60% of Americans do not have a living will or trust established. No matter if you live in Los Angeles or anywhere else in the US, estate planning is one of the most important areas of financial planning. Building and maintaining your estate plan is the only way to ensure your wishes are met and loved ones are taken care of. An estate plan is also essential for maximizing your health care quality and protecting your wealth if you become incapacitated. Here are some common fallacies when it comes to estate planning.
How do you start? This is one of the most important questions in saving for retirement. Whether planning for retirement in Los Angeles or elsewhere, you should start by building a retirement plan customized to your unique financial situation.
