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Jul 2 2009, 5:38 PM EDT (current) PersonalFinanceUSA 16 words added, 55 words deleted
Jun 25 2009, 4:05 AM EDT PersonalFinanceUSA

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WHY Online Personal Finance NOW?

More andAmerican more Americansconsumers are finding it increasingly difficultbeneficial to reach a state of financial security, andconsult determineOnline theFinancial rightPlanning waysservices in whichorder to invest their assets and manage their respective household incomes. This has become all the more challenging with the world economy undergoing the currentget crisis,Objective and with many middle class Americans losing their jobs, or facing the possibilitypersonal offinancial it.advice.

While there are many types of personal financial planning advisors on the market – from banks, to insurance companies and specialized investment management firms – it is hard to know who you could, or should, trust when you go to share your most personal financial details with someone, and expect them to preserve your privacy and provide you with the kind of unbiased and professional guidance you need.

Top financial advisors – and you should only seek the services of those – can charge as much as $1,500 for a 45 minute phone appointment, and the standard 5.5% commission charged by insurance agents or stock brokers for investing a $ 50,000 in the context of your 401(K) plan will come to $2,740.

Another key factor to be aware of, when you go to find a financial advisor, is what their commercial motivations may be, and what their total compensation structure consists of. Almost all types of personal financial advisors receive fees from clients like you, as well as commissions on specific financial packages, or programs, which they recommend to you as part of their service.

This is why the best financial advisor may be a top financial specialist who provides their service on a Fee-Only basis, and is a registered Fiduciary financial advisor, which means that they are bound by law and regulation to act much like your doctor or legal advocate, and provide you the service with only your best interests in mind, and without any other commercial motivations to guide you one way or another. Luckily, middle-income Americans may now find such high value service online, through the innovative Peoples' Financial Advisor online personal finance service. The scope of services offered on that site includes FREE Financial Assessment, as well as Paid Financial Checkup and Financial Plan and Retirement Planning for a fraction of the usual cost, running from $195 to $275. The service is provided by a team of the nation’s most qualified personal financial experts, and since everything is really ONLINE there - then nowadays, more than ever before - it is absolutely the fastest and most sound way to get first-class financial advice.




Personal Finance: too 'personal', must DIY?
See how many calculators to use just to understand the financial position of 1 person... :-(

Go ahead, click the image on the right! These are all financial calculators that you can use to assess your financial position on your financial lifecycle.

Would you really go base your financial future as yet another DIY story? Isn't it as easy as mowering your lawn, fixin' the fence in your garden or the plumming in your kitchen sink?

Well, to be honest, it is NOT as easy. Many a Certified Financial Planner® (CFP®) invest many years in learning how all these calculators, and MANY other parameters all interrelate to assess one's financial position, let alone the correct financial plan to propose, based on a given financial assessment in one's lifecycle.

So, can you really believe that using few online, free financial calculators can make YOU your self CFA?

Take my word, consult a CFA! Or better - consult a fee-only financial advisor. Too expensive? Well, here's a solution. Independent financial advisors team up these days to provide personal finance services online. You can even try this Financial Assessment service for FREE. These guys will tell you not only your net worth, but also your financial position on the financial lifecycle. Furthermore, they will estimate the amount of money you may be paying unnecessarily in taxes and in investment management expenses. So many bonuses combined in one free service - now isn't that something worth trying?



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