Also, we will collectively call the minimum and maximum points of a function the extrema of the function. So, relative extrema will refer to the relative minimums and maximums while absolute extrema refer to the absolute minimums and maximums.
Cost. More and more advisors are offering this type of service with a monthly retainer. Often they will charge $500-$2,000 upfront for the initial planning phase and then charge a monthly fee of $50 â $300 per month depending on the complexity of your financial needs.
Financial planners encourage their one-income clients to keep putting something away for retirement, especially if they get a 401(k) match. Even if it's as little as $25 a month, save whatever you can right now and resolve to boost the amount when you return to work or whenever your spouse gets a raise.