Having made your New Year's resolutions, I hope you have put the review of your personal finances near the top of your list. Additionally, you should determine and list your assets and liabilities. It would also be wise to prepare a realistic year 2001 budget or spending plan. The disappointing stock market performance in 2000 has many people questioning their investment strategies. One of the most difficult financial planning decisions to make is the determination of the amount of life insurance to purchase.
Financial advisors have different opinions concerning the purchase of life insurance.
There are some legitimate reasons for life insurance but many factors need to be considered before making your decision. Planning meetings will soon be held to take the necessary steps to establish an Association of African American Financial Advisors. We have been encouraged to proceed with this effort by the continuing requests from people throughout the country who want to be referred to African American financial advisors. Members of the Association will benefit from future referrals if they possess the qualifications and experience requested by the inquirers. See the article on this Association and encourage interested financial professionals to contact us.