Financial Planner
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- CincodeMayo
Anybody got one? Do you use someone local or an online company? Just got married and need to get this stuff in order.
- BK0
Really depends on your needs and how what you are looking to plan for. Are you just looking to get your finances in order or looking for a long term investment strategy? How far down the road are you looking to plan for?
- CincodeMayo0
Yup, looking to get everything in order and figure out where my wife and I stand. Trying to plan long term āā would love to figure out if we can realistically afford a house, start planning for a kid, etc.
- Riley1
You're in the states, 20-30's-ish?
I don't have one - but remember that NO ONE knows how any investment will ever perform. We assume that homes & stocks will typically do good over a long period of time.
Def buy a house if you can - they appreciate in value (hopefully) and you can write off the interest (majority) portion of your payments. so even with interest-only loans you're WAY ahead of renters.
Don't overthink stocks, it'll drive you crazy. Just get something that tracks the performance of the S&P 500. Max out any tax-free retirement accounts that are available to you (IRA / 401K) - depends of what type of wage earner you are.
And if you have an employer that will match a 401k, max that for sure.
Obviously don't mess with any credit card debt. (easier said than done)
Renting is a fucking trap.
- +1 on Employer 401k match, just silly not to take advantage of thatfyoucher1
- Renting is a trap? It can be waaaay cheaper than buying when you consider taxes, maintenance, etc.studderine
- only makes sense if you're going to stay at the same place for 30 yrsdoesnotexist
- not necessarily... for tons of people, buying would be a much better financial decision, as rent is often lost moneymonospaced
- http://www.nytimes.cā¦studderine
- well, yeah, if you're buying a multi-million dollar property it might not be the same :)monospaced
- Good luck renting one too!monospaced
- fyoucher10
I pay for one through USAA (who I use for literally everything: Banking, Auto / Life / Valuable Personal Property / Homeowners Insurance, IRA, College 529 Plan for daughter, Investments, etc). They charge me 1% annually, so it ain't cheap but it's a lot easier having someone help you make informed decisions and help manage investments and save for retirement.
- doesnotexist0
i can refer you to a good one. email me.
- CincodeMayo0
Yup, 30-ish, and in the states. My employer doesn't match my 401K but I do have one on my own. But they do provide a pension that I'm fully vested in so that helps.
Thanks for the other advice. And I'll hit you up doesnotexist.
- monospaced0
My brokerage firm provides free financial planning services. Has turned out very useful recently as my life and financial situation are about to change drastically: about to get married and started a company on the side a few months ago. If you have investments with a large investment company like this, you may already have access to this too. Good luck.