Takoma Park, MD Financial Advisors and Resources

Financial Advisor Firms in Takoma Park, MD



(301) 326-1521

6930 Carroll Avenue
Ste. 407
Takoma Park, MD 20912

SEC#: 801-78910
Years in Business: 7 years

How Retirement-Friendly is Takoma Park, MD?

  • Population: 17,672
  • % of Population 62 Years and Over: 15.5%
  • Average Home Value: $589,300
  • Average Monthly Housing Cost: $1,419
  • Average Household Income: $122,726
  • Maryland Total Tax Burden: 9.32% (12th Highest in U.S.)
  • Maryland Property Tax: 2.67% (20th Lowest in U.S.)
  • Maryland Individual Income Tax: 3.89% (3rd Highest in U.S.)
  • Maryland Sales and Excise Tax: 2.76% (10th Lowest in U.S.)

Takoma Park, MD Financial Advisor FAQs

That depends on your particular needs, but rates are generally paid as a percentage of assets.
An advisor specializes in providing credible advice to people on all aspects of their finances. They will help you figure out the best structure for your assets, determine how much insurance is required, or tell you what type of investments are most appropriate for your risk tolerance level.
Collect as much information as possible about the person and company. Ask about how they plan to invest your assets; make sure to ask what kind of assets those will be - stocks? bonds? mutual funds? options? trusts? IRAs ? Discuss fees upfront.
Yes, you should. Unless you know exactly what finances to invest in and how to manage investments, it is wise to hire a financial advisor.