Tuesday, May 27, 2014

Peace Of Mind With A Baltimore Financial Planning Professional

By Katy Parfait


If you are interested in your financial future, you are not alone. Most people are concerned about today and far into the future. When you want to enjoy your golden years to the most, a Baltimore MD retirement income planning professional is there to help.

When most people think of professional financial planners, they may think about services for the wealthy and people with a great deal of disposable income. The truth is, many people can receive benefits when they hire financial planners. Before you know it, it will be time to retire and one cannot start thinking about this matter too soon. You might have fewer years than you think, especially if you need to take a disability retirement at some point.

Perhaps your pension will provide you with ample income, once you add in Social Security. By today's standards, that may look good, but inflation may run rampant in the coming years and what appears to be a good pension may not be nearly enough once you need it.

Maybe you believe it is too late to consider options, as you may only have a few years to go. An experienced financial planner will be able identify areas risk and help you to plan for future income streams. You may have several options that you are unaware of and they may be able to save you on taxes and provide opportunities for extra income.

Perhaps you wish to invest in an IRA. This is a great way to potentially increase your future earnings and also save money on taxes. A professional financial planner can show you which type of IRA is best for your needs.

Many people are choosing to invest in gold or other precious metals and a self-directed IRA may be the perfect way to do this. It is important to understand the basics and the laws considering these types of investments. Your Baltimore financial adviser is the person to see if you have concerns about your retirement.




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