Scotia, NY Financial Advisors and Resources



Financial Advisor Firms in Scotia, NY


CAPITAL GROWTH & SHELTER, INC.

Website

(518) 399-3372

2 Witbeck Drive

Scotia, NY 12302

SEC#: 801-79630
Years in Business: 7 years

MARSHALL & STERLING WEALTH ADVISORS, INC.

Website

(518) 831-1285

25 Mohawk Avenue

Scotia, NY 12302

SEC#: 801-78688
Years in Business: 7 years


How Retirement-Friendly is Scotia, NY?

  • Population: 7,667
  • % of Population 62 Years and Over: 19.5%
  • Average Home Value: $144,000
  • Average Monthly Housing Cost: $1,060
  • Average Household Income: $72,445
  • New York Total Tax Burden: 12.79% (Highest in U.S.)
  • New York Property Tax: 4.40% (6th Highest in U.S.)
  • New York Individual Income Tax: 4.96% (Highest in U.S.)
  • New York Sales and Excise Tax: 3.43% (22nd Highest in U.S.)


Scotia, NY Financial Advisor FAQs

Generally speaking, the cost of a financial advisor largely depends on what they do for you and whether you have some initial funds to invest.
As a financial advisor you help clients reach their short-term and long-term financial goals. Often, these goals are about saving for retirement, buying annuities, or investing in tax efficient vehicles like IRAs.
First and foremost, you should be asking about their qualifications. What certifications and designations do they have? What is the experience level of each advisor in the office? Who oversees the quality control process on their products and who has final say on how money moves around? You'll want to know if transactions are processed electronically or by phone, if there's an internal compliance system, etc.
Many people take on financial decisions themselves because they're comfortable with these issues, but this can also be the biggest mistake ever made - you simply don't have enough knowledge about taxes, market dynamics or even if you're saving correctly for retirement to make educated decisions on your own. A knowledgeable professional who fully understands all of these factors will take the time to explain them to you, and provide sound guidance in return.