A lot of people believe that an investment advisor is someone that only rich people hire to protect their fortunes but that is not the case. An investment advisor can help anyone make sound financial decisions with the money that they have and explain all of the different ways that they can grow their savings. The most common ways for an advisor to help people is with:

– 401k rollover – Many companies offer retirement plans to their employees that is managed by the company and it’s called a 401k. When people change their jobs or retire they may want to cash out or rollover their 401k to a different individual retirement account. There are many options for people wanting to do a 401k rollover and an experienced investment advisor can guide you through the process.

– Roth IRA conversions – Roth IRA’s have been very popular since their creation in 1998. Not many people have converted to them because of the restriction on people whose gross income is over 100,000 dollars. That is all about to change thanks to the new rules being set in 2010 for Roth IRA that will remove that limit. This will give a lot more people unprecedented opportunities to make tax free money through a Roth IRA Conversion. If you do not know about all of the changes going into effect then you should sit down and talk with an investment advisor as soon as possible.

– Variable Annuities and Fixed Annuities – Annuities are like insurance that will protect you during your retirement. When you purchase an annuity you begin making monthly payments for a set amount of years, let’s say 20. After the 20 years is up the annuity start to pay you an agreed upon amount every month for the rest of your life. The two types of annuities are very similar but the variable annuity is not quite as safe as the fixed annuities because it is more closely tied to the market index. It is best to talk with an investment advisor to find out which type of annuity is the one for you.

– Buy Sell Agreements – If it were not for these agreements then having multiple owners in a business would be nearly impossible. A Buy Sell agreement is created to smooth out the transition in the event that a co-owner dies or voluntarily leaves the business. The agreement will allow the other partners to buy out the missing owner’s shares at a predetermined price. It protects all of the owner’s rights while allowing for the smooth operation of the company.

Financial Planners are students of their profession. With this being the case some are better prepared to assist you than others. Hiring a knowledgeable and experienced professional will be an asset. It is difficult for an individual to study and learn the ins and outs of the complexities of financial planning unless it is their primary focus. This is why us with normal jobs may be best served by relying on a a financial planning expert.

Author Bio: Article was written by Craig Lawson on behalf of Keegan Investments, LLC. For more information on a Georgia Financial Planner, visit their website at http://keeganinvestments.com.

Category: Finances
Keywords: Georgia Financial Planner