Mayfield, OH Financial Advisors and Resources

Financial Advisor Firms in Mayfield, OH

How Retirement-Friendly is Mayfield, OH?

  • Population: 3,372
  • % of Population 62 Years and Over: 29.8%
  • Average Home Value: $235,200
  • Average Monthly Housing Cost: $1,104
  • Average Household Income: $111,093
  • Ohio Total Tax Burden: 8.96% (16th Highest in U.S.)
  • Ohio Property Tax: 2.78% (25th Lowest in U.S.)
  • Ohio Individual Income Tax: 2.54% (17th Highest in U.S.)
  • Ohio Sales and Excise Tax: 3.64% (18th Highest in U.S.)

Mayfield, OH Financial Advisor FAQs

First determine your needs. You should also scout out advisors before picking one. Ask about the background and qualifications of potential advisors, as well as how they charge and what areas of specialization they have. That way, if someone lacks the credentials or expertise that interest you most, they'll be easy to ignore.
Financial advisors are required when people want help making decisions about how to save or invest money. They can provide insight into potential investment options, explain retirement savings plans, explain different types of insurance policies, and more. They can also help with keeping track of important financial documents like tax returns or tax payments due. While they do not create wealth, they do assist in managing the wise use of what you already have earned.
Financial advisors charge a percentage of the assets that you invest with them, and the size of this fee typically ranges from 1-2.5% depending on your net worth and their service level agreement.
The first thing you should do is find an advisor who's not trying to sell you something. Start with your bank or investment company, then try community financial organizations. And lastly, research independent advice on the web - the National Association of Personal Financial Advisors is a good place to start.