November 6, 2008

Do it yourself investors have had a tough time lately. First came the credit crisis and the bear market in the stock market, causing many people's 401k's and IRA's to decline. Now we have a massive change in politics with the election of Obama and new policies in government.

What does this mean for individuals? The market is down. Income taxes are going up. Capital gains taxes are going up. Dividend taxes are going up. And estate taxes are going up. Americans need to sit down with a financial advisor and develop a well-thought out financial plan that provides a solution to their retirement and other financial goals.

Some people might be looking for a financial advisor for the first time, while others may have lost confidence in their current advisor and are looking for someone who is a better fit for their needs. Whatever the reason, more individuals have realized that they need to find a financial advisor or investment planner to help them meet their financial goals.