Finance

How do I know if my Financial Advisor is the Right Fit?

by Larry Frank on Feb 13, 2020

Finance

Choosing the right financial advisor can be tough. How do you know if it’s the right person (or company) to manage your life savings? It’s an important job and it pays to shop around for the best option for you and your family. Check out our advice below to see whether you should stick with your pro or find a new advisor to manage your investments.

Fees

Is a Reverse Mortgage Right for You?

by Larry Frank on Jun 19, 2019

Finance, Property

In recent years, reverse mortgages have been enthusiastically marketed to homeowners ages 62 and over. Optimally designed for homeowners with at least 50 percent equity in their home, reverse mortgages allow homeowners to tap into that equity, providing them with a regular monthly payment – the complete opposite of a standard mortgage. Any income a homeowner receives from a reverse mortgage is typically tax-free, with payments continuing as long as the borrower remains in their home. However, if the homeowner moves or the home is sold, the loan becomes due and payable.

Why Financial Advisors Are Still Important

by larryfrank on Feb 3, 2019

Finance

With the rise in popularity of financial planning robo-advisors, many experts predicted the beginning of the end for financial advisors. But as many investors are starting to see, there are distinct advantages to speaking with a live person when determining just how you should invest your money.

While robo-advisors can be a good solution for those with limited funds who want to get their feet wet in the investment arena, the problem is the lack of a personal relationship can prove to be detrimental.

Finance Financial Missteps

by larryfrank on Feb 3, 2019

Finance

Personal finance, like just about everything else, is mainly common sense. Advice like “don’t spend more than you make; start investing while you’re young; don’t loan money to friends with the expectation of getting it back,” have been around for generations, and most likely will survive the next few generations as well. Even money mistakes that are corrected early enough will have little impact on your wealth going forward.  What you do want to avoid are money mistakes that can be hard to recover from. Here are just a few:

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