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St Clair Shores Financial Planners

St Clair Shores financial planners may work as individual consultants or as part of a larger financial firm. When you're searching for a St Clair Shores financial planner, consider a professional's education, expertise and certifications. Financial planners come from a variety of professional settings in Michigan, and each advisor has specific areas of interest and training. Look for a St Clair Shores financial planner whose experience and interests correspond with your needs.

Planning for your financial future in MI is a lifelong experience. St Clair Shores financial planners can help you maximize the value of your earnings so that you can reach each of your personal milestones within your desired time frame. Whether your goals include buying a home, having children, advancing in your career or retiring early, certified planners can help you reach those targets. Request estimates from several of the leading Michigan planners to find an advisor who can become a partner in your success.

Saving for a Home Deposit

A suburb of Detroit, St Clair Shores lies along the edge of Lake St Clair in Michigan. The area was first inhabited by French settlers in the early 1800s, and has since developed into a thriving suburban community. As you advance in your career in MI, you may decide to buy a home. A house can be a substantial investment, not only from a financial standpoint, but from a personal perspective. The home you choose in St Clair Shores will become one of your largest financial assets and a source of comfort, shelter and security for you and your loved ones.

For many young professionals and couples in St Clair Shores, saving enough money for a home deposit is one of the biggest obstacles to buying property. When you're planning to buy a home, contact a St Clair Shores financial planner for advice and recommendations. A certified junior advisor can recommend local lenders who are happy to work with first time buyers to arrange financing for a new home. When it comes to planning this important investment, you'll achieve more satisfactory results if you work with St Clair Shores financial planners.

If you have an Individual Retirement Arrangement through your St Clair Shores employer, you have the option to apply a portion of your savings to a home deposit at a reduced tax penalty. This benefit applies only if you are a first time home buyer. While some planners do not recommend that you use your IRA to buy a house, others may agree that this is a valid approach to securing your future. Buying a house can increase your net worth and will turn your monthly housing payments into an investment strategy.

You also have the option to borrow money from a family member to pay for a St Clair Shores home deposit. If buying a house is your greatest priority, consider selling other costly items that you own but don't necessarily need, such as an extra car or an expensive stereo system. The larger the deposit you make, the lower the interest rates on your mortgage. A St Clair Shores financial planner will help you arrange your loan so that your monthly mortgage payments fit your budget.

MI Education Savings Plans

Once you've purchased the house of your dreams, your next personal milestone may be to start a family. St Clair Shores is a secure, comfortable place to raise children, and with so many top rated colleges and universities in the Midwest, you may decide to start planning for their education early. Education Savings Plans, also known as 529 plans or ESPs, help parents save money for the cost of their children's education at state colleges and universities.

Because tuition costs rise with inflation, many parents worry that their savings won't cover their children's educational needs when they're ready to enroll in college. With an ESP, the money you save is applied to the costs of your child's future tuition at a state school. In general, the state where your child chooses to attend college does not have to be the state of residence. Talk with a St Clair Shores financial planner about setting up an ESP in preparation for your son or daughter's academic future.

Most states have an ESP plan to cover state institutions, and some private institutions offer equivalent plans. The money you invest in a 529 plan earns tax deferred interest over time. Benefits withdrawn to cover college costs are not subject to income tax.

St Clair Shores financial planners are certified professionals with years of experience in helping their clients achieve financial independence. Request information from several planners in the Detroit area to find the advisor whose experience fits your objectives. Professional planners can help you build a diverse portfolio that will give you the resources you need to reach your goals.

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Financial Planners in St Clair Shores

Kristie Gheysens
Kristie Gheysens
39425 Garfield Rd
Suite 25
Clinton Township, MI 48038

Dennis Prost
Dennis Prost
100 East Big Beaver
Suite 840
Troy, MI 48083

Christopher Mollan
Christopher Mollan
31731 Northwestern Hwy.
Suite 151W
Farmington Hills, MI 48334

Matt Woryn
Matt Woryn
39775 Traditions Drive
Suite D-800
Northville, MI 48168

Amanda Scull
Amanda Scull
900 Victors Way
Suite 100
Ann Arbor, MI 48108

This website provides information related to the subjects covered. Before making any financial or legal decisions, a professional should be consulted.