Many financial advisors have voluntarily undergone training and satisfied various qualifications for particular professional certifications. Related work experience is often required.
Certification: Accredited Estate Planner
Description: Estate Planning
Certification: Accredited Financial Counselor (AFC)
Description: Financial Counseling and Money management
Certification: Certified Financial Planner (CFP)
Description: Best Known Certification
Certification: Certified Trust and Financial Advisor (CTFA)
Description: Trusts and Taxes
Certification: Chartered Financial Consultant (ChFC)
Description: Financial planning in Insurance & estate planning
Certification: Chartered Life Underwriter (CLU)
Description: Life Insurance
Certification: Chartered Mutual Fund Counselor (CMF)
Description: Mutual Funds
Certification: Investment Advisor
Description: Stockbroker managing less than $100 million
Website: www.nasaa.org / www.finra.org
Certification: NAPFA Registered Financial Advisor (NRFA)
Description: Source for fee-only financial Advisors
Certification: Personal Financial Specialist (PFS)
Description: Personal financial credential for CPA's
Certification: Registered Financial Associate (RIA)
Description: Granted only to recent graduates of approved collegiate programs
Certification: Registered Investment Advisor (RIA)
Description: Stockbroker managing more than $100 million
Website: www.sec.gov / www.finra.org
What to Know about the Roth IRA
You’re allowed to open a Roth IRA if you earn some income. A Roth IRA is a non- deductible, after-tax IRA that offers significant tax and retirement planning advantages.
Contributions to Roth IRAs are not tax deductible, but funds in the account grow tax-free. Tax-free withdrawals may be made for qualifying first-time home buyer costs, medical expenses, or to pay for educational expenses.
Marc has 36 years in financial services and 6 years in teaching.
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