To find a financial adviser, first decide what type of adviser you need, research potential candidates online and by asking friends, and select an adviser who meets your needs. Before hiring the adviser, discuss how she gets paid and what you want from her.Know More
Decide whether you're looking for an adviser to create a financial plan for you to follow, an accountant for tax issues, a professional to review your retirement portfolio or an adviser to fill some other need. Use this information to talk with friends, family and other trusted referral sources to create a list of potential advisers.
Research the potential candidates, and find out what their specialties are. If any candidate has a specialty that isn't what you're seeking, remove her from the list. Set up an interview with the remaining potential candidates. Explain what you're looking for to each candidate, and have her explain how she can help you achieve your goals.
Select a financial adviser that meets your needs and seems trustworthy. Discuss the adviser's payment requirements upfront. Most financial advisers work on a commission basis, but others require a flat fee or charge fees based on assets. Once the details are finalized, you can start working together.
Fees charged to manage IRA accounts can vary, but a fee-only adviser should only charge 1 to 1.5 percent of the total account, explains Charles Sizemore for Investor Place. In addition, an IRA adviser who sells commissionable products such as certain mutual funds should not charge any fees at all.Full Answer >
A 401(k), a retirement plan offered by or through an employer, is not the same as an IRA that an investor sets up himself through a bank or mutual-fund adviser. Both reduce an investor’s taxable income, but it’s possible to withdraw money from an 401(k) early.Full Answer >
Personal loans, lines of credit, payday financing, and borrowing from friends or family members are the best ways to accrue $8,000 in two days without a job. Although procuring $8,000 in two days without a job is possible, it requires a strong credit score, available credit and/or a network of willing family and friends with substantial liquidity.Full Answer >
Drafting a special needs trust involves appointing a trustee, funding the trust and stipulating how the trust money should be spent, according to Bankrate. An alternative to a private special needs trust is a pooled or community trust, which combines and invests contributions from those with modest incomes, states Nolo.Full Answer >