A financial advisor can do a current calculation of the amount needed based on current assumptions. Of course this amount can easily change depending on investment results and a actual returns in the economy.

Life insurance needs can be specifically determined by a qualified financial advisor. The actual amount needed is determined by numerous factors including:
Family obligations, (i.e. – single, married, child support obligations, family special needs, etc.).

An estate plan is an intense analysis of one’s overall Federal Estate, and State of residency tax obligations on assets to their heirs.
Current Federal estate tax laws provide for an exemption of up to $5 million in estate assets, (note: this is good for estates filing for deaths occurring prior to 2013).
However, the TAX obligations for estates filing for individuals who have died after 2012 may be significantly different than those applied for estates ending in 2010.

Every client is different. Some need more changes sooner due to recent changes in their overall financial situation.

Usually NO. Most financial advisors have a “custodian”; – such as a bank, or other fiduciary to hold funds and securities.

Technically NO! However, anybody can do just about anything if they are really dishonest and try to plan and avoid the law! Keep in mind that that the vast majority, (99.9%), of all financial advisors are honest, hard working people that are really trying to do the very best with their abilities to improve their clients overall financial situation.

Yes, absolutely!

Yes. That is of course, depending on their accreditations, licenses, and specialties.

There are multiple requirements to investing in a Roth IRA. We suggest that you seek answers to your questions by going to one of the very “Best” sources/answers for such questions which is: www.irahelp.com

You should contribute as much as you are “economically comfortable” in doing so. (I.e. – if you cannot afford to pay your rent or other important expenses, – then “NO” do not use money that is needed to pay regular, ongoing living expenses. Once these expenses have been stabilized, and you develop an excess reserve for 4 to 6 months, with the help of a financial advisor you may decide to begin again to invest for your future.

This is exactly the type of question a “qualified” financial advisor can help you with. (The reason being is that there are so many different variables for each and every individual; such as your age, your sex; your heirs; the number of your heirs; your income tax situation; your estate tax situation; your “state” estate or inheritance tax situation; etc. etc. etc.).

Annuities can be a very sound investment vehicles for the right person. On-the-other-hand, annuities could be completely wrong for someone depending on how they need their assets and/or income payments distributed over their remaining lifetime(s).

Most financial advisors recommend an amount equal to 3 to 6 months or more of a household’s current income. This amount can be changed up or down by a number of factors which can be analyzed and addressed various assumptions, (or possible realities), of ones possible financial future.

Reporting can range from once a month, (insurance companies), to once a quarter, (most investment companies and mutual funds), to once a year, (bank Certificate of Deposits accounts).

MBA, MSFS, ChFC, CFP, and others, – in that order.