FAQs

Yes, some people have the time, talent, training, and discipline to manage their money well. Most, however, engage a professional team like FRA who specializes in financial management. We believe our value is much higher than the cost invested because of better, informed decisions.

Our fee structure is tailored to your portfolio and service needs, whether fee-based or commission-based. Once we review your needs, we can build a structure that makes the most sense for you. An FRA Advisor will clearly explain all fees to you to help you make an informed decision.

A 401(k) can be a person’s largest asset entering retirement. Paying close attention to it year after year and job after job is vital. FRA can help you with specific advice about your 401(k), 403(b), or 457 plans. Read about our BEYOND401k. It provides lots of benefits and can supercharge your 401(k).

FRA can tailor solutions and services to your circumstances, no matter your location along the journey.

Yes! Not everyone may view the same financial topic through the same “lens.” Another perspective may be wise or prudent. FRA welcomes the opportunity to be a sounding board or second opinion – without obligation.

FRA serves businesses of all sizes, from start-ups to established firms. Our specialists help you understand potential tax benefits, too.

Money management involves overseeing your finances effectively. It means understanding how much money you have, where it's going, and making informed decisions about spending and saving. Good money management helps you avoid debt, save for future goals, and achieve financial security.

That number is different for each person. The team at Financial Resource Advisors (FRA) can help you clarify your hopes and expectations. Those objectives become the target where all plans, strategies, and decisions are aimed. A starting place for a target is to save at least 15% of your income for retirement. However, saving any amount is beneficial, even if you start small. Think of it like planting a seed; over time, even small contributions can grow significantly.

Together, we can explore a variety of financial products to fill a potential financial void. FRA can help with transitions and provide support to your beneficiaries through financial education and guidance along the way.

An emergency fund is a financial buffer for unexpected expenses, such as car repairs or job loss. Aim to save enough to cover 3-6 months of living expenses. Begin with small, regular contributions to build this fund gradually if necessary.

Senior care can be a potential threat to finances. FRA’s evaluation of your personal circumstances will provide insights. Then, you can make informed decisions about the best plans for you and your family.

Balancing both is often a good approach. Focus on paying off high-interest debt first, as it can grow quickly. Simultaneously, try to save some money, especially for emergencies, to avoid incurring more debt when unexpected costs arise.