What Are Bonds: How They Work & How to Invest

A bond is a type of debt issued by a corporation, government or other organization where the purchaser pays a certain amount to purchase the bond and, in exchange, will receive either a lump sum after a certain period of time or specified recurring payments over a period of time. For example, you might pay $50 to buy a bond that will pay you $75 in 10 years or will pay you $10 per year for the next seven years.

Finding the Right Financial Advisor

Finding a good financial adviser is a little like deciding on a marriage partner. It involves evaluating a variety of elements — experience, standards, goals and philosophy — and determining how well your particular styles mesh. Here are a few tips and questions you should ask before you say, “I do,” with a financial adviser.