Best Financial Advisors in Glendale

Frequently Asked Questions

• Introduction

  There are many titles for financial professionals, so it's challenging to track what each one means. A financial advisor is probably the term you've heard most often. Financial advisor is a broad term for a professional who helps individuals or companies manage their finances, including investment choices. There are over 100 certifications that financial advisors can obtain.
  

  • Financial planners, wealth managers, and investment advisors are all financial advisors with different focus areas.
  • A financial planner helps an individual or a company make a plan to achieve long-term financial goals.
  • A wealth manager helps individuals maintain their wealth through various disciplines and services, such as taxes, estate planning, and investment advice.
  • An investment advisor offers investment advice and recommendations to individuals or organizations.
    

  There’s a misconception that you have to be extremely wealthy to use a financial advisor. In reality, they can be beneficial for people from any income level. Keep reading to find answers to the most commonly asked questions about financial advisors, so you know which type can fit your specific needs.
  

• How can military service members in Glendale create a budget?

  Military service members in Glendale can create a budget by listing their monthly expenses. They should list both small and large expenses and make sure to include military service-related expenses, including moving or deployment costs. They should also calculate their sources of income, such as basing housing allowances, salaries, bonuses, and side hustles or part-time work if there are any.

• What are the potential benefits of investing in non-traded REIT in Glendale?

  REITs allow individual investors to earn from real estate investments, without financing, buying, and or managing any properties. Potential benefits of investing in non-traded REITs include capital appreciation and tax advantages and consistent income stream and stability of principal. Non-traded REITs can also provide diversification benefits to bond portfolios and traditional stocks.

• Why should you consider sustainable investing in Glendale?

  Sustainable investing is a financial strategy that integrates social and governance and environmental criteria. You might want to consider sustainable investing in Glendale to allow you to grow your number of options in pursuing goals and building portfolios. Sustainable investing can help you mitigate regulatory and governance risks due to ignoring social and environmental impacts. It can also align your investing with religious and personal views and enable you to be more conscious of your investing approach to prevent a negative impact on society.

• If you want to have a big wedding in Glendale, what can you do to save a large amount of money?

  Planning for a big wedding can be overwhelming knowing that you need to exert more effort in saving. Not planning your savings can put your life on hold. To save a large amount of money in Glendale, you can automate your savings. You can set up an automatic fund transfer from your checking account to your savings account every month. You can also invest your money and consider micro-savings.

• Can you acquire an IRA even if you already have a 401(k) plan in Glendale?

  Yes. You can acquire an IRA even if you already have a 401(k) plan in Glendale. When you contribute to both IRA and 401(k) plans, you can obtain immense benefits. Acquiring an IRA allows you to choose the investment firm you want to work with unlike in the 401(k) plan which is chosen by your employer.

• Are financial advisors worth it?

  Whether or not a financial advisor is worth it depends on your personal situation. If your finances are fairly straightforward, then you may be better off handling it on your own. But if you have substantial assets or a complex investment portfolio, then hiring someone to handle it for you can be well worth the cost.