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No matter how much money you have and what your net worth is, proper investment management in San Diego can help you identify sound financial habits. Working with an investment management professional is important to develop a long-term financial strategy. Here are some of the products and services that you and the financial professional you work with should consider. Investment Management There is no rule saying that you cannot put together an investment portfolio yourself, but working with a professional who can identify effective ways to diversify your portfolio will prevent you from putting all of your proverbial eggs into one basket. Many first time investors who choose not to work with a financial professional make the common mistake of investing only where they feel most comfortable. The result is often the person investing all of his or her money in the same place. A financial management professional can help you form a strategy that works for you and protects you against significant loss. Retirement Planning Whether you are 22 or 42, the best time to start planning for your retirement is now. Many college graduates just starting out their careers look at retirement planning and tend to think of it as something they can get around to later. However, there is no reason not to start your retirement plan right now. If you are not currently contributing to a 401(k) through your job or investing money in another retirement account, a financial professional can help you find the best products and services to ensure a comfortable retirement. Of course, a 401(k) is not your only option in terms of retirement accounts. It might not even necessarily be the best route for you. Talk to a financial professional about the benefits of IRA investments, mutual funds, and annuities to find the right products that will effectively help you reach your financial goals. Estate Plan Putting together an estate plan is often one of those things that people neglect to see as very important. However, there are many reasons to get your estate plan set up now. Estate plans are not just for those who are advanced in age, terminally ill, or incredibly wealthy. If you have assets that you want to protect or children that you would need to make provisions for if you died, having an estate plan in place is paramount. Although an estate planning attorney can help you with this, there are many reasons to work with your professional financial planner or investment manager. Education Investment Plans The costs associated with going to college are constantly going up. The average cost of college across institutions including private and public institutions, and including tuition, room, and board, were at just over $9,000 per year in the 1982-1983 academic year. Compare this to the average cost of tuition, room, and board in the 2012-2013 academic year at $20,234. When looking at these costs, it is easy to imagine where the average costs of tuition, room, and board might be in the coming years when your children get to college age. A financial professional can introduce you to some of the valuable products, such as Section 529 College Education Investment Plans, that you can invest in to secure an excellent education for your children and/or grandchildren. Insurance Look for an investment professional who can help you also find the right insurance products that will help protect your assets and secure your financial future. Some of the products you should look at include life insurance, long-term care insurance, and disability insurance. Working with a professional that specializes in investment management in San Diego is essential to finding the right financial products. Thomas J. Dobransky & Associates Thomas Dobransky is an independent financial advisor in San Diego serving women, business owners, and professionals in Poway, Rancho Bernardo, and La Jolla Visit our page on http://www.thomasjdobransky.com to see our page today!
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