Best Financial Advisors in Columbus, GA

Columbus, GA Financial Advisors FAQs

• Is hiring a financial advisor in Columbus worth it?

  If you have significant assets, you stand to lose more if you do not plan your finances well, and hiring a financial advisor in Columbus can simplify the planning for you. Financial advisors can aid you in strategizing better ways to grow your money, making the right financial decision, and reducing liabilities such as taxes. Their financial insights can guide you in navigating life events like having a baby, getting married or filing for divorce, and saving for retirement.

• In Columbus, are there differences between a financial planner and an advisor?

  Financial advisors focus more on managing investments while planners have a more comprehensive approach to finances. Planners generally aim their attention at the whole process, starting from goal assessment and plan creation to implementation and plan maintenance. Advisors, on the other hand, are more likely going to offer more concentrated financial guidance to their clients in Columbus.

• What is a Saver's Credit and how does it affect individual retirement accounts in Columbus?

  When a person in Columbus makes an eligible contribution to their individual retirement account, they may qualify for a tax credit, called Saver's Credit, of up to $1,000. The benefits also apply to employer-sponsored retirement plans. To qualify for the benefit, the individual must be 18 years or older, not a student, and not a dependent on someone else's tax return.

• Is the Columbus economy good for investments?

  Columbus has a lower unemployment rate compared to the national average of 5.3% versus 6.0%. The growth of its job market has increased over the last year by around 2%. It also has several large employers such as TSYS, Aflac, and Synovus Financial Corporation. However, the average income of residents per year is lower than the national average at $23,209 compared to $28,555. Its average income and sales tax rates are also higher than those of the nation.

• Can you recover your investment in Columbus if your broker-dealer has gone bankrupt?

  If your broker-dealer has gone bankrupt, you may be able to file a claim and get protection from the Securities Investor Protection Corporation. Visit their website to check if your broker-dealer is in the liquidation process. You can also check the website for the claims process. If your Columbus investment account has been transferred to another brokerage, you still need to file a claim to get protection from the law.