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August 09, 2011, 10:05:51 AM *
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Author Topic: How to find a financial planner in Charlotte NC?  (Read 36 times)
Joanne_Mcneil
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« on: July 18, 2011, 01:19:28 AM »

I am currently saving the maximum allowed of my salary each month in my employer's Roth 401(k) plan. However, with the current buyer's market for real estate,  I am  considering buying a second home. However, it would reduce the amount going into my 401(k).  So I'm trying to find a financial planner who can look at my situation and help me decide whether it will be best for me IN THE LONG RUN to keep saving for retirement or to buy a rental house while the prices are low. What will result in the most financially secure retirement possible?

 My husband and I are both 38 but we want to save up for our retirement, college for 4 kids, investments, travel, etc.... We have little to no debt (cars) and moderate income. Does anyone know what's the best place for us to start? We're looking for a financial planning company or financial planner in Weddington or Charlotte NC. Thank you.
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Pari_Lee
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« Reply #1 on: July 18, 2011, 05:49:35 AM »

you don't need a fin planner, just some common sense....
it is a horrible idea dipping into your 401k to buy this second home....
furthermore, there is no guarantee, as in zero, that you will rent this home and be able to
rent it in the future...that rental income will never be counted as real value....
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Robert_Batchlor
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« Reply #2 on: July 18, 2011, 06:06:13 AM »

As already replied,  be sure to continue to fund your 401(k).  Is your spouse contributing to some retirement account like an IRA.    How much of what you are contributing to your 401(k) will be going to purchase the new house.  

Since your other interests are college for children and buying a second home, as well as retirement and travel.  I would ask some friends in the area who they are using for a good financial adviser.  A good financial planner should utilize a total approach.  Looking at cash flow, investments, wills, trusts, insurance both life and disability, as well as your college plans whether you use educational investments or 529's.  I live in Charlotte and use James Allison with Met Life.  You can see his website at www.jamescallison.com

Good luck!
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