Financial planning is an enormous field with a wide assortment of options and attributes. These all make it limitless and fascinating. St. Germain Financial Planning deploys the utmost professionalism in gauging investors to the right source.
There are two main types of investments that remain some of the most common from the widely respected firm. These are annuities and mutual funds.
Basics of Annuity Financial Planning in CT
Annuities are often considered one of the safest types of retirement investing. It is essentially an insurance bond. Annuities are divided into scheduled payments that could be monthly, quarterly, annually, or a single lump sum after an extended period of time. The insurance product, the annuity, pays out depending on the total performance of its own investments. Because of the stability of the industry, many see it as a reliable and safe way to invest. Individuals can receive payments for the rest of their lives if they so choose. financial planning in CT will generally include annuities to seniors, because their high expense rate is often less obtrusive, and their quick turnaround means one can get an investment back rather quickly.
Getting to Know Mutual Funds
50% of all households in the United States have some type of mutual fund. But the question is why? Mutual funds are collected or rolled up investments that incorporate stocks, bonds, and other general assets. The mutual funds are widely considered very safe and practical because they are created with a theme and a tally of attributes that must be met. For example, a mutual fund has an objective or goal outlined. It could be a specific amount which needs to be reached, or a balance that is met. Regardless of the method, mutual funds are collected in such a way that their vulnerability in the market is softened and unlikely to feel a hit. This has subsequently made them very popular, because they match up many different solid investments together into one digestible unit.
There are many other types of investments. The above two reflect some of the most popular in general purpose investing, and their general safety is widely sought after. st germain explores many others beyond these, but it is a great place to begin exploring finances.
