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Westfield Financial Planners

Westfield financial planners are an affordable resource for Massachusetts residents who need assistance in a wide range of areas, from debt management to investment planning. If you are just starting to seek professional personal finance advice, or if you have yet to build a complex portfolio, there are many fee-based financial planners in the Westfield area who can help with a specific goal or ongoing milestones, whether you need assistance with your children's college education, buying your first home, preparing your estate or planning your retirement. Personal Massachusetts finance advisors are not just for wealth management or concerns related to complex assets. Any MA resident who hopes to build a secure retirement nest egg can take advantage of a Westfield financial planner.

Financial Planning Services

Two of the most important services that Westfield financial planners offer are debt management and budget planning. Without a solid plan to quickly eliminate debt, you may find yourself stuck in a cycle of high interest payments that can hinder efforts to build your savings and properly prepare for retirement. A Westfield financial planner, you can help you address your debt head on, whether it's your car payment, a credit card or even your student loans. Your advisor can also help you create a monthly budget that keeps you from needing to use your credit card when emergencies arise.

Retirement planning is another important service that Westfield financial planners offer, and one that every MA resident can use no matter what their background is. Most people know they need to save for retirement, but few know exactly how much they need in their nest egg. Many factors contribute to how much you need to save, including your age and your desired standard of living. Your Westfield financial planner can show you tools,including retirement calculators, that help you determine what you need to save each month to reach your goal. A common target is 80 percent of your pre-retirement income, but if you plan to take vacations, eat out at Westfield restaurants and enjoy expensive hobbies, your nest egg will need to offer closer to 100 percent of your pre-retirement income.

Financial planners also offer investment planning services to Westfield residents who seek a well rounded, diverse portfolio. Even if you follow financial markets, chances are you don't have the time to research the perfect mix of low-risk opportunities that will make steady returns on your investments. Your Westfield financial planner can recommend a balance of stocks, bonds, mutual funds and other securities that gives you the peace of mind that your savings is working for you.

Choosing a Financial Advisor

The best personal finance advisor for you depends on a number of factors, not least of which is the relationship you hope to develop with your Westfield planner. Some MA residents just need assistance with a single project, like enrolling in a 529 plan for your children's college tuition or setting up your 401k. If you seek this kind of relationship, you might choose a large Massachusetts firm with an established reputation and a team of planners. Many people think of personal finance planners as a long-term resource for individualized advice. Since this relationship revolves around your individual goals, you might seek a small Westfield firm or independent advisor.

No matter what kind of relationship you seek, ensure that you choose a Certified Financial Planner, or CFP. This accreditation gives you peace of mind that your planners is qualified to advise you on your finances. CFPs have achieved a minimum level of education, passed a certification exam and subscribe to ongoing classes to maintain their industry knowledge. CFPs also sign a Code of Ethics, pledging to put their clients' interests first. All of these qualities make certification an important part of choosing a Westfield financial planner.

A planner fee structure is another important factor to consider. Fee-based planners are the best choice for most Massachusetts residents, since these advisors receive no commission on products they might sell or investments they might recommend. Fee-based advisors earn a flat fee based on the hour or project. As your portfolio grows and your assets become more complex, commission-based advisors might make sense in some cases, but fee-based is often the preferred structure.

Westfield financial planners offer a wide range of services, from debt management to estate planning. Trying to manage your own accounts can be difficult, and many Westfield residents don't have the time to research investment opportunities the way professional advisors can. If you have questions about how much you need to raise before you retire, how to put your children through college or even how to save enough to take an annual vacation, you can likely benefit from the expertise of a certified personal finance advisor.

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Financial Planners in Westfield

Jim Furlong
Jim Furlong
601 North Main Street
East Longmeadow, MA 01028

Jim Furlong
Jim Furlong
360 Bloomfield Avenue
Suite 301
Windsor, CT 06095

Todd Warner
Todd Warner
22 Westminster Drive
West Hartford, CT 06107

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