Best Financial Advisors in Macon

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.
  

• Do Roth IRAs in Macon have required minimum distributions?

  No. There are no required minimum distributions for Roth IRAs in Macon. You can retain the money in your Roth IRA account where it might grow tax-free, and the government will not take any amount out of it. This is yet another justification to do pre-retirement Roth conversions in Macon.

• Who is commonly covered by Medicare in Macon?

  Medicare covers residents of Macon who are older than 65 and younger persons with qualifying impairments. Medicare coverage is only available to U.S. citizens or those with the legal right to be in the country. However, if a person has lived in the U.S. for at least five years without breaking the law, they may be eligible for Part A's restricted benefits.

• What is a senior independent living in Macon?

  In Macon, senior independent living refers to a housing complex for those 55 and over. Apartments and single-family homes are both common types of housing in these areas. These residences or flats have the advantage of being more senior-friendly and accessible, with features like tubs with doors for entry, fewer or no stairs, and no gardening work.

• How should you get ready for your meeting with a financial advisor in Macon?

  You should have an overview of your income and expenses, as well as a summary of your assets and debts, ready for your meeting with a financial counselor in Macon. The relevant financial records you have should be organized. Additionally, you must compile a list of inquiries for the financial advisor.

• Are there age and income requirements in Macon to start a Roth IRA?

  There isn't a set age in Macon for opening a Roth IRA. You are free to register an account whenever you like and to make contributions for however long you like. On the other hand, a Roth IRA has income restrictions. If you file your taxes as an individual and have a modified adjusted gross income of $140,000 or less, you are eligible to start a Roth IRA. If you are a married taxpayer filing jointly and your MAGI is less than $208,000, you are eligible to start a Roth IRA.

• 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.