Your Financial Concierge
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FAQS
What is the difference between a financial advisor and a financial planner?
The terms are often used interchangeably, but there can be differences. Generally, a financial planner focuses on creating comprehensive financial plans covering various aspects of your financial life. A financial advisor might offer a broader range of services, including investment management.
Can a financial planner help me with debt management?
Yes, financial advisors can help you develop a debt management plan. They can provide strategies for paying down debt, consolidating loans, and managing your cash flow to improve your financial health.
What if I have a lack of understanding?
Many individuals feel overwhelmed or intimidated by the financial planning process. You may be concerned that you lack the necessary knowledge to understand financial advice or that you will be talked down to or misunderstood by the planner. Here at Young Financial Associates, we guide and simplify information based on your level of understanding to make sure we are on the same page.
How often should I meet with my financial advisor/planner?
The frequency of meetings depends on your needs and financial situation. Typically, clients meet with their advisors annually, semi-annually, or quarterly. However, you can schedule additional meetings as needed, especially during major life events or changes in financial circumstances.
Will I lose control over my financial decisions if I work with a financial planner?
No, you retain control over your financial decisions. A financial planner provides recommendations and advice, but the final decision always rests with you. We will ensure you understand all options and help you make informed choices and connect the dots with your other financial professionals.
What types of options do you recommend?
We offer a wide range of options, including different indexes, compound interest, annuities and more. Our recommendations are personalized to your financial goals, risk tolerance, and time horizon. We work with you to create a diversified portfolio that aligns with your unique needs and aspirations.
How do you charge for your services?
We believe in transparency when it comes to fees. We have no hidden costs.
Can I access my accounts online?
Absolutely. We provide secure online access to your accounts through a user-friendly platform through our partners. You can view your portfolio, track performance, and access important documents 24/7. We prioritize the security of your financial information, and our online platform is designed to give you convenient and secure access to your account at any time.
Will I have to pay taxes when I rollover my qualified 401k plan?
Your taxes will remain tax deferred until withdraw, without penalty after 59 1/2 years of age, since your funds are coming from a qualified plan and into another qualified plan.
The information, articles, guides, and other content provided on this website are for general educational and informational purposes only and should not be considered personalized financial, investment, legal, or tax advice. The content is not intended to replace professional guidance tailored to your specific financial situation.
While we strive to ensure accuracy, we do not guarantee that the information is complete, up-to-date, or applicable to your personal circumstances. Financial planning is unique to each individual or couple, and the strategies discussed may not be suitable for your needs. Engaging with this website, its content, or any downloadable materials does not establish a client-advisor relationship.
All investments and financial strategies carry risks, including the potential loss of principal. Past performance is not indicative of future results. Any third-party links or references provided are for informational purposes only and do not constitute an endorsement. We encourage you to consult with a qualified financial professional before making any financial decisions.