With the end of the year fast approaching, many people have tax planning on their minds.
Making last minute arrangements to limit tax liability is also a good place to start financial planning on a larger scale.
Financial planning is affordable, even for those who think they have nothing to invest, Ross Hage, of Edward Jones & Co., said.
Hage said he's passionate about helping people build a balanced portfolio -- through retirement and estate planning -- for where they are in life. Rich or poor, Hage can work with anyone to create wealth later in life -- even on the smallest of salaries.
"I love helping people like that," Hage said. "The sooner the better, but it's never too late to start investing."
For instance, an 18-year-old with a $20,000 income, investing $25 a month can sock away between $100,000 and $500,000 for their golden years, based on a rate of return of 8 to 12 percent.
Hage plans to have a limited supply of the 2006 edition of CCH Inc.'s "U.S. Master Tax Guide" and the "U.S. Master Estate and Gift Tax Guide" to offer local tax professionals. To reserve a copy, call (928) 468-2281.
For more information, contact Hage at (928) 468-2281.
Chris Smith, formerly with Edward Jones and now owner of Chris Smith Investments, is interested in helping clients avoid as many pitfalls as possible as they plan their financial futures.
"It's about leading people through the uncertainties of markets and economic cycles to achieve their financial goals," he said. "Investing can test anybody's nerves. You need someone competent, with integrity, looking out for your best interests to accomplish those goals. Without someone like that, most people will make big mistakes."
Among those big mistakes: selling stocks when the price is going down is not the best decision.
"I explain it by comparing it to buying a good vehicle with seat belts and airbags. When you go into a skid on the ice, the owner's manual doesn't say jump out of the car, it says steer into the skid."
He said he has also come to see that a husband and wife have different comfort levels in regard to the amount of financial risk they are willing to take. "I can help them find a happy medium."
For more information, call (928) 472-7634, or toll free, 866-472-7634. To contact Smith by e-mail, the address is email@example.com.
Kevin Dick, another investment adviser formerly with Edward Jones, has opened his own company, Kevin Dick Investments and Financial Services of Wachovia Securities Financial Network.
"Everybody has a different philosophy when it comes to their money and everybody has a different plan, so what I try to get my clients to do is paint a picture of what their investments are supposed to do for them," Dick said.
Great communication between a client and broker comes from asking the right questions on both sides, "so we can dig down and find out if the investments we are investing your money in are appropriate for you. ‘Do you want a cabin and a sailboat or is it luxury cruises through your entire retirement? At what age do you want to retire?'"
For more information, telephone (928) 474-4350.