A financial plan is the road map for your financial life. It covers major financial areas of your life addressing aspects such as cash flow, savings, debt management, risk management, childrens education planning, taxes, retirement, estate planning, and of course, investments and a strategy for managing them. It is more than a guide. It is a written strategy that gives you a clear, pragmatic path to follow towards the accomplishment of your most important financial goals.
Cash investments are very short-term investments that tend to be more stable than stocks or bonds. They aim to provide a low-risk option that keeps your money accessible—while you earn a little income for your savings goals. Cash investments include money market funds, CDs (certificates of deposit), and more.
Mutual funds are a type of certified managed combined investment schemes that gathers money from many investors to buy securities. There is no such accurate definition of mutual funds, however the term is most commonly used for collective investment schemes that are regulated and available to the general public and open-ended in nature. Hedge funds are not considered as any type of mutual funds.
Insurance provides financial protection against a loss arising out of happening of an uncertain event. A person can avail this protection by paying premium to an insurance company. A pool is created through contributions made by persons seeking to protect themselves from common risk. Premium is collected by insurance companies which also act as trustee to the pool.
I provide Child Education planning advisor service. Child education planning is a challenging and complex process that requires experts in educational development, psychology, and student assessment to develop a unique approach to meet the individual needs of each family. I will analyse your goals, needs and expectations from your children, and put it on paper in a well-structured document, which is an excellent start for any kind of education related planning.
I provide retirement planning services to individuals and families who want secure and better lifestyles at the end of their working careers. I help each client find their personal retirement strategy, including Social Security. As a retirement planning Advisor, I know the value of planning for retirement I provide retirement planning services to help you prepare a solid foundation towards retirement by helping you identify your financial priorities and milestones.
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I really want to appreciate the Veramigo Team for their work and the help that they have provided me for all the financial services I needed from them.