Nice-Biz Article Archive

There are three different kinds of financial advisors: the commission broker who sells a product for a commission, the fee-based consultant who offers investment management for a percentage of the assets invested, and the fee only financial planner who provides a comprehensive financial plan for an hourly fee.

Here, we will discuss five main reasons why you may choose a fee-only financial planner over the other types of financial advisors:

1. Fee-only means no bias. One of the main reasons people choose fee-only financial planners over other consultants is the fact that they are not compensated based on the investments they recommend. Fee-only financial planners are only compensated by their clients, hence there's no bias when making investment recommendations. They get paid the same whether they recommend an index fund or an annuity or a range of stocks and bonds.

2. Help with retirement planning, budgeting, taxation and even more. Most commission brokers and investment managers only provide investment advice, leaving you to struggle through planning for retirement on your own. Fee-only financial planners may help you with all of your financial questions including are you saving sufficient for retirement, do you still require life insurance, how can you minimize your taxes, and much more.

3. Only the advice you require, when you need it. With fee-based advisors, you pay an annual fee for them to manage your portfolio. With fee only financial planners, you just pay for suggestions when you need it. While most people like to check in with their financial planners once a year to make sure they're still on track to meet their goals, it's entirely up to you how much time you desire to spend with your financial planner. You can meet with your financial planner three times a year or once every three months, it's your choice.

Some Key Exceptional Roth IRA Withdrawal Rules That Might Help You To Take Money Out Of A Roth IRA
Roth IRAs are governed by the IRS; as such there are many Roth IRA withdrawal rules that must be followed before you take money out of your account. In this article we'll discuss Roth IRA distributions; when they can be taken, when and if they are taxable, when and if penalties might apply.

Submitting Your Social Security Application: When And How
As you get closer to retirement one of your top questions is probably when and how to submit your Social Security application. Should you apply at age 62 or 66? What are the steps to applying for Social Security once you've decided to start collecting retirement benefits?

How Are Social Security Benefits Calculated? Several Things & Issues Affecting The Benefits
One of the most popular Social Security questions that I hear from baby boomers getting ready to retire is "how are Social Security benefits calculated?" This is an important question because it could affect how long you need to work, whether you should continue to work during your retirement years

Social Security Benefits: Certain Crucial Specifics On Cost Of Living Adjustment
For the second year in a row people who rely on Social Security will not be receiving a cost of living increase. This is only the second time since the cost of living adjustment (COLA) was adopted that recipients have not received an increase.

3 Ways A Financial Planner Could Help You Reach Your Financial Goals And Objectives
Many people wonder exactly what a financial planner does, and how they can help you. Here are just three ways a financial planner can help you achieve your financial dreams and goals.

Using Government Grants To Make Improvements To Your Own Property.
Being on the property ladder whether renting or owning your own home it can be a very expensive ordeal.

How Could Payday Loans Help.
Have you ever found yourself in an emergency situation? Do you require a substantial amount of money fast but don't know where to get it? Payday loans may be just the thing you need.

Gold Coins: Putting Profit In Your Profile
Some invest in coins for their durable value, which has increased reliably. Offering protection against inflation, gold coins do not diminish in buying power like cash. Whatever the buyer's motive, gold coin prices