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Licensed Independent Financial Advisor

Oliver Skinner
Licensed Independent Financial Advisor

An independent financial advisor can assist you in many ways and in some situations, you might not need one.  For example, it will not make any sense to hire any financial advisor or pay him large amount of money to tell you about getting out of the debt.

What is an Average Fee for Financial Advisor?

Normally, an independent financial advisor is paid on a commission and fee basis. You may hire a financial advisor for services for an hourly rate. Here is the general fee structure of the financial advisor.

Retainer Services

Under an arrangement, a financial advisor can help you ] plan as well as monitor finances. He will come up with a plan, implement it, monitor the progress as well as make required adjustments.

When to hire a financial advisor

You can look to hire a financial advisor when you are coming close to retirement. Here are three questions to think about.

  • How or when do I file for Social Security?
  • What is the best strategy of withdrawing from various retirement accounts to meet my requirements or how to make my money last?
  • Am I ready to retire financially?

These questions have a huge impact on the retirement lifestyle. A professional who knows their stuff in and out can benefit you. Most of the people in this stage of their life can benefit from one-time consultation of a financial planner that specializes in retirement planning. 

Starting a Family

Getting married and having kids can bring up new financial challenges. You are combining your incomes, dealing with child expenses, life insurance, real estate planning and college savings. A good independent financial advisor can help you to navigate as well as prioritize these responsibilities so you will create a safe as well as enjoyable life for the family today and future. 

Oliver Skinner
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