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by bluesky33 » Wed, 04 May 2011 7:02 pm
Hi Jorden,
It is always good to start planning for retirement early rather than late if you comprehend the concept of compounding.
Advisers generally advocate a mixture of endowments, annuities and investments to grow their client's money. However risk profile, budget and investment horizon of the client is taken into consideration before any financial planning is proposed.
It is in your interest to approach a licensed advisor who has access to multiple plaforms so as to compare the different yields and term from different principals. This is better for you than to approach an agent who has limits on his products due to his single principle representation.
Hope this helps.
Good luck.