Maximize your savings with expert guidance and suitable investments

  • Consider using your emergency savings in a high-yield savings account
  • Invest retirement funds in a balanced portfolio of stocks and bonds tailored to risk tolerance
  • Single premium immediate fixed annuity (SPIA) may be an option for risk-averse individuals
  • Hire a fee-only financial planner for personalized advice and fiduciary responsibility

If you have a significant amount of savings and retirement funds but are unsure how to manage them, consider using high-yield savings accounts for emergency funds. For retirement savings, invest in a balanced portfolio of stocks and bonds based on risk tolerance. Single premium immediate fixed annuities (SPIAs) may be suitable for risk-averse individuals. Hire a fee-only financial planner with fiduciary responsibility to guide your investments and consider the CFP Board’s Let’s Make A Plan site or industry associations like NAPFA and FPA.

Factuality Level: 8
Factuality Justification: The article provides accurate information about different investment options and advice from certified financial planners. It also offers guidance on finding a reliable financial adviser. However, it lacks personalized recommendations based on the individual’s age, risk tolerance, and other factors that would make it a perfect guide for their specific situation.
Noise Level: 6
Noise Justification: The article provides some useful information about managing savings and retirement funds, but it lacks in-depth analysis or exploration of long-term trends or possibilities. It also includes some promotional language for certain financial products and services.
Private Companies: Highland Financial Advisors,Sentinel Financial Planning,Silverstone Financial
Key People: Joey Casolaro (Certified Financial Planner (CFP) at Highland Financial Advisors), Mark Humphries (Certified Financial Planner (CFP) at Sentinel Financial Planning), Spencer Betts (Certified Financial Planner (CFP)), Jeremy Eppley (Certified Financial Planner (CFP) at Silverstone Financial)

Financial Relevance: Yes
Financial Markets Impacted: Investment options such as stocks, bonds, high-yield savings accounts, annuities, and retirement plans are mentioned.
Financial Rating Justification: The article discusses various investment options for saving and retirement funds, including their potential risks and benefits. It also provides advice on seeking a financial adviser to help manage investments based on individual risk tolerance and financial goals.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: null·

Reported publicly: www.marketwatch.com