It’s important to have a basic understanding of the concepts and terms financial professionals you speak with will be using. This can help you make more informed decisions as you move forward in navigating the financial services industry.

The time value of money (TVM) is a useful tool in helping you understand the worth of money in relation to time. It is a formula often used by investors to better understand the value of money as it compares to its value in the future.

Not sharing what you need to with your financial advisor could result in problems with your financial future. Be sure you're disclosing these top 5 things.