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Financial Advisors Baton Rouge Area
Posted on 4/22/24 at 6:06 pm
Posted on 4/22/24 at 6:06 pm
Hi guys, I am looking for some recommendations of respected and reputable financial advisors in the Baton Rouge area.
I am 24 and have been working a full time job for 2 years since graduating college. I am debt free and have been investing in my work retirement, but wanted to get some opinions. Thanks in advance!
I am 24 and have been working a full time job for 2 years since graduating college. I am debt free and have been investing in my work retirement, but wanted to get some opinions. Thanks in advance!
Posted on 4/22/24 at 6:46 pm to TigerBandit14
Pick up a couple of personal finance books from the library. Focus on issues that involve your circumstances and goals. You will feel more comfortable when you find an advisor. Be sure to inform yourself on what to look for in an advisor.
Posted on 4/22/24 at 7:42 pm to TigerBandit14
You don’t need a financial advisor. This is the playbook for you, each subsequent step pending there’s still extra money to put into each one:
- Contribute to 401k to the extent your employer matches
- Max out Roth IRA
- Contribute to taxable brokerage account
In each account put funds into low-cost diversified ETFs. Vanguard has many good options, VOO (SP500 index) and VIG (dividend growth) are 2 I personally like.
If you want to minimize your tax bill, you can lean into the 401k. If you want to build some after tax money, potentially for a down payment on a home, then you can lean in to that account. But be sure you’re contributing enough to 401k to get full employer match.
When you’ve accumulated some wealth, you can consider going to an advisor to develop a more robust strategy. The key for you at this point is to remain disciplined about saving. At 24 you are ahead of the game.
- Contribute to 401k to the extent your employer matches
- Max out Roth IRA
- Contribute to taxable brokerage account
In each account put funds into low-cost diversified ETFs. Vanguard has many good options, VOO (SP500 index) and VIG (dividend growth) are 2 I personally like.
If you want to minimize your tax bill, you can lean into the 401k. If you want to build some after tax money, potentially for a down payment on a home, then you can lean in to that account. But be sure you’re contributing enough to 401k to get full employer match.
When you’ve accumulated some wealth, you can consider going to an advisor to develop a more robust strategy. The key for you at this point is to remain disciplined about saving. At 24 you are ahead of the game.
Posted on 4/22/24 at 8:56 pm to TigerBandit14
An advisor is going to look out for themselves with your money, not you!
Posted on 4/23/24 at 9:12 am to TigerBandit14
I suggest you watch Jim Cramer on CNBC.
Just listen to whatever he recommends and then do the opposite. You'll make bank!
Just listen to whatever he recommends and then do the opposite. You'll make bank!
Posted on 4/23/24 at 3:28 pm to TigerBandit14
Whatever you do I just would not go with Iron Horse Financial. The guy that runs it is a complete slimeball and only looks out for himself when it comes down to it. That the only advice I can give, is stay away from that place
Posted on 4/23/24 at 5:03 pm to TigerBandit14
Read "The Simple Path to Wealth" by JL Collins. Very short and simple read. You can be your own financial advisor. You can pay a tax advisor by the hour for tax advice. This will save you lots of $$$$. This is what I wish I had done years ago.
I tried a few financial advisors, including fiduciaries, and wasted a lot of money paying their fees.
I tried a few financial advisors, including fiduciaries, and wasted a lot of money paying their fees.
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