"I can't think of a situation when using home equity to make an investment is a good idea or in one's long-term best interests," says Rob Burnette, investment advisor representative at the financial planning firm, Outlook Financial Center.
“It’s not uncommon to see them with anywhere from six to 12 months’ worth of expenses in their savings account,” said Rob Burnette, CEO and investment advisor representative at Outlook Financial Center.
“If you don’t know where you’re going, you’re not going to get there,” Rob Burnette, financial adviser and chief executive of Outlook Financial Group.
The most important thing to consider before setting up an investment account for your children is determining the purpose of the funds.
Rob Burnette, investment adviser representative and professional tax preparer at Outlook Financial Center in Troy, Ohio, tells clients to make the state they spend more than half their time living in the state they want as their domicile.
Rob Burnette, financial advisor and professional tax preparer at Outlook Financial Center, also uses FIAs, considering it a conservative way to create growth while protecting downside.