New Milford, CT Financial Advisors and Resources

Financial Advisor Firms in New Milford, CT



(860) 799-7119

143 West Street
Suite 202
New Milford, CT 6776

SEC#: 801-114960
Years in Business: 2 years

How Retirement-Friendly is New Milford, CT?

  • Population: 6,465
  • % of Population 62 Years and Over: 20.4%
  • Average Home Value: $229,400
  • Average Monthly Housing Cost: $1,203
  • Average Household Income: $74,855
  • Connecticut Total Tax Burden: 10.44% (5th Highest in U.S.)
  • Connecticut Property Tax: 4.06% (6th Highest in U.S.)
  • Connecticut Individual Income Tax: 3.56% (6th Highest in U.S.)
  • Connecticut Sales and Excise Tax: 2.82% (12th Lowest in U.S.)

New Milford, CT Financial Advisor FAQs

Increasingly, people are taking on higher amounts of debt in the form of mortgages, auto loans and student loans. In order to repay these large debts, it is important for people to have a plan that ensures they'll be able to meet their minimum monthly obligations and make necessary adjustments if needed. A financial advisor can help individuals achieve this by providing advice and guidance about how money should be saved and invested today in order to make future goals more achievable.
You can find a financial advisor in many different ways. Some potential sources for finding a financial advisor include: finance organizations at colleges and universities, referrals from friends and colleagues, online resources, and professional associations.
Financial advisors help their clients by giving advice in various areas including but not limited to investments, asset allocation, retirement planning, risk management, insurance products and tax-related issues. Generally speaking, financial advisors do not offer investment advice themselves; instead they work with an organization that offers specific investments or put together a plan for the client.
The best way to find a financial advisor is ask friends for their recommendations. A good place to start your research is the National Association of Personal Financial Advisors' site - they have an entire page filled with some direct questions worth checking out. For instance, it might be helpful to know what level of education, business experience, affiliation with any organization, etc. are all things worth looking into when choosing the right person for you and your financial needs.