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While designations are not everything when selecting a financial advisor, they often indicate a certain level of knowledge related to a specific field and/or commitment to certain ethical and professional standards. Please see our detailed Guide to Financial Advisor Designations for more information.

Availability

  • Daniel Johnson CFP®,MBA

    Asheville, NC

    Retirement, Investing, Taxes

    84 answers

    42 out of 42 people found Daniel's answers helpful

    Most recent answer
    I have a Roth IRA, a rollover IRA and a brokerage account (SchwabOne, I think) all managed by a financial planner. How do I calculate how he's doing for me, growth of the money minus his charges, and compare that to something like Vanguard to tell whether I should change?

    Welcome to NerdWallet! I can’t speak for how your advisor works, but our firm sends out quarterly statements, which include a time-weighted rate of return. This number is net of our fee and we include the major indices for direct comparison. We also include an invoice so that you know exactly how much you are paying. A time weighted rate of return takes out the variability of cash flows. If there are many cash flows in and out, this is difficult to calculate by hand. A basic rate of return...more »

    Advisors offer free consultations to determine if you're a good fit for one another. Providing more information in the consultation request will help advisors have a better sense of what you're looking for. The advisor will contact you via email and set up a time to meet. Depending on the advisor, and your preferences, this could be an in-person or online meeting. You are under no obligation to engage them after meeting with them.
  • Curtis (Curt) Sheldon AIF®,CFP®,EA,MBA

    Alexandria, VA

    Personal Finance, Retirement, Taxes

    318 answers

    329 out of 456 people found Curtis (Curt)'s answers helpful

    Most recent answer
    What changes would you recommend making to reallocate money so that I can start efficiently building an emergency fund? Should I take my focus off my loans, make adjustments to my retirement contributions, or put my Roth on hold?

    An emergency fund is a very important part of a Financial Plan.  While each situation is different you should build a "modest" emergency fund as soon as possible.  You might start by building up an amount to handle one of "life's surprises" like a new appliance or auto repair...I'm thinking in the range of $2,000 to $3,000 to start with.  If you don't, you'll need to use credit cards which will probably cost you more than the interest you are paying on your student loan.So, until...more »

    Advisors offer free consultations to determine if you're a good fit for one another. Providing more information in the consultation request will help advisors have a better sense of what you're looking for. The advisor will contact you via email and set up a time to meet. Depending on the advisor, and your preferences, this could be an in-person or online meeting. You are under no obligation to engage them after meeting with them.
  • Roger Gainer ChFC

    Mill Valley, CA

    Personal Finance, Retirement, Insurance

    62 answers

    75 out of 128 people found Roger's answers helpful

    Most recent answer
    How can I invest money anonymously or as anonymously as possible without going to an offshore bank?

    You offer very little information about what your objectives are or why you wish to remain anonymous, so I can only offer a little bit in return. Due to Anti money laundering laws and the patriot act, there are very few vehicles that can be bought and sold without opening an account somewhere or registering a title or other proof of ownership. You would basically be limited to physical commodities like precious metals, gem stones or farm commodities like corn and wheat. They present logistical...more »

    Advisors offer free consultations to determine if you're a good fit for one another. Providing more information in the consultation request will help advisors have a better sense of what you're looking for. The advisor will contact you via email and set up a time to meet. Depending on the advisor, and your preferences, this could be an in-person or online meeting. You are under no obligation to engage them after meeting with them.
  • Shaun Erickson CFP®

    Boston, MA

    12 answers

    8 out of 24 people found Shaun's answers helpful

    Most recent answer
    I am looking for some advice on the student loan forgiveness program. How do I find a trustworthy loan forgiveness program?

    I would start here:https://studentaid.ed.gov/repay-loans/forgiveness-cancellation/charts/public-serviceThis website is run by the office of Federal Student Aid, which is a part of the US Department of Education.  There are a lot of great resources on the Public Service Loan Forgiveness Program on this...more »

    Advisors offer free consultations to determine if you're a good fit for one another. Providing more information in the consultation request will help advisors have a better sense of what you're looking for. The advisor will contact you via email and set up a time to meet. Depending on the advisor, and your preferences, this could be an in-person or online meeting. You are under no obligation to engage them after meeting with them.
  • Jon Warner EA,MBA

    San Francisco, CA

    Personal Finance, Investing, Taxes

    105 answers

    163 out of 218 people found Jon's answers helpful

    Most recent answer
    I have inherited a net $300K now. Should my wife and I purchase our home with this money? What is the best way to use this money for our retirement years?

    If the $300,000 is net, there is not a tax issue upon the inheritance Paying off the mortgage takes away $1,400 a month of expenses but will not eliminate property taxes and the mortgage interest deduction will be lost. Investing the $300,000 of the inheritance in AAA rated 4% MUNIS provides another $12,000 a year or approximately $1,000 a month tax free (if the MUNIS are from the same state that you live) and you get to keep the capital in a low risk investment. You will now receiving...more »

    Advisors offer free consultations to determine if you're a good fit for one another. Providing more information in the consultation request will help advisors have a better sense of what you're looking for. The advisor will contact you via email and set up a time to meet. Depending on the advisor, and your preferences, this could be an in-person or online meeting. You are under no obligation to engage them after meeting with them.
  • Myles Newborn III CFP®

    Stony Point, NY

    Personal Finance, Retirement, Taxes

    6 answers

    7 out of 7 people found Myles's answers helpful

    Most recent answer
    I am 36 and getting divorced. I made $2400 in this last year. Do I have to file taxes?

    No, you may not have to file federal taxes.  If you owe self-employment taxes, received additional money that could be consider income such as alimony, distributions from pensions /401(k) payouts, and income from investments all totaling more than $10,000 you will need to file your taxes.  See IRS site tax-filing requirements: http://www.irs.gov/publications/p554/ch01.html Here are several reasons why you may want to file tax return even if your total income is only $2,400, you owe...more »

    Advisors offer free consultations to determine if you're a good fit for one another. Providing more information in the consultation request will help advisors have a better sense of what you're looking for. The advisor will contact you via email and set up a time to meet. Depending on the advisor, and your preferences, this could be an in-person or online meeting. You are under no obligation to engage them after meeting with them.
  • Charles J Stevens Jr

    Plymouth, MA

    Personal Finance, Retirement, Investing

    138 answers

    119 out of 183 people found Charles J's answers helpful

    Most recent answer
    My brother in-law passed away this year and his wife passed 4 years ago. Everything was left in trust and A, B, C were created at the time his wife passed. Now the lawyer has decided that trust B was not properly funded and wants to combine everything split it down the middle and then give half to trust A and half to trust B and do away with Trust C. Is this legal?

    I won't enlarge on Craig's excellent explanation below. Based on his comments, I'd ask the attorney why he wants to split everything and do away with Trust C. If you don't understand or disagree with him, seek a second legal opinion from an estate attorney. Don't take your request to a real estate lawyer or personal injury attorney. Estate attorney's specialize in a very particular part of the legal codes: you want an expert working with/for...more »

    Advisors offer free consultations to determine if you're a good fit for one another. Providing more information in the consultation request will help advisors have a better sense of what you're looking for. The advisor will contact you via email and set up a time to meet. Depending on the advisor, and your preferences, this could be an in-person or online meeting. You are under no obligation to engage them after meeting with them.
  • Chris Chen CFP®,CDFA

    Waltham, MA

    Personal Finance, Retirement, Investing

    323 answers

    193 out of 290 people found Chris's answers helpful

    Most recent answer
    The remaining of my mortgage is $51,000 at 6%. I am afraid of loosing my tax benefit. Should I pay off my mortgage?

    I will second the point that taking a deduction for mortgage interest should not take precedence over paying off the mortgage.  When you are at the end of life of a mortgage as you appear to be, most of the payment goes to principal, not interest.  So your interest deduction should be low to start with.When you pay off the mortgage, since you will not be getting the interest deduction, your taxes will go up, as you fear, but they will go up by less than the amount of the...more »

    Advisors offer free consultations to determine if you're a good fit for one another. Providing more information in the consultation request will help advisors have a better sense of what you're looking for. The advisor will contact you via email and set up a time to meet. Depending on the advisor, and your preferences, this could be an in-person or online meeting. You are under no obligation to engage them after meeting with them.
  • Anna Sergunina CFP®,ChFEBC

    Burlingame, DC
    Santa Barbara, CA
    Washington, CT
    Odenton, MD
    New York, NY

    Personal Finance

    4 answers

    3 out of 3 people found Anna's answers helpful

    Most recent answer
    Other than Fidelity, are there any other investment houses that offer bonus sign-up points?

    Here is the list of most current offers: http://goo.gl/61D1DSAll the way from earning miles to dollars.Good...more »

    Advisors offer free consultations to determine if you're a good fit for one another. Providing more information in the consultation request will help advisors have a better sense of what you're looking for. The advisor will contact you via email and set up a time to meet. Depending on the advisor, and your preferences, this could be an in-person or online meeting. You are under no obligation to engage them after meeting with them.
  • Steven Elwell CFP®

    Amherst, NY

    Personal Finance, Retirement, Investing

    18 answers

    13 out of 13 people found Steven's answers helpful

    Most recent answer
    I have inherited a net $300K now. Should my wife and I purchase our home with this money? What is the best way to use this money for our retirement years?

    I am sorry to hear about your loss.There are several factors to look at when deciding what to do with the $300k you have inherited. Is the $300k in the form of a retirement account or is it regular cash/investments? What is the interest rate on your mortgage? What type of investment return do you anticipate being able to earn if you invested the funds? What is your tax rate? Does debt weigh on you emotionally? What is your tolerance for risk?Some people in your situation would consider...more »

    Advisors offer free consultations to determine if you're a good fit for one another. Providing more information in the consultation request will help advisors have a better sense of what you're looking for. The advisor will contact you via email and set up a time to meet. Depending on the advisor, and your preferences, this could be an in-person or online meeting. You are under no obligation to engage them after meeting with them.
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