How do you know if you could benefit from the services of a financial planner? You may not have the expertise, the time or the desire to actively plan and manage certain financial aspects of your life.
And in today's hectic world, it can be beneficial to have a financial planning expert help to make sure you stay focused and follow through with your financial plans.
Often a specific event or need will trigger the desire for professional financial planning guidance. These might include:
If you have the time and knowledge — and your financial situation is not too complicated — you may be able to do a lot of it on your own. However, there are some situations where you may find you need a financial planner, such as:
There are some other advantages to using a planner. Some aspects of financial planning may be too complex for most people, such as calculating how long your retirement capital will last or maximizing tax strategies. A good financial planner will work with other professionals, such as stockbrokers, accountants, and insurance agents, to coordinate their efforts with your overall financial needs.