3 Signs You May Need a Financial Advisor

Anyone can benefit from the advice of a financial advisor at any age and at any time in their lives, and you don’t necessarily need to be rich.

Although getting financial help from a professional is a highly personal choice, any time you’re feeling overwhelmed, perplexed, stressed out, or afraid of your money situation may be an excellent moment to seek assistance. All you need to do is locate the right expert for your circumstances.

A financial advisor may suggest ways to improve your plan to achieve your objectives more effectively. It’s also acceptable to seek advice from a financial expert when you feel financially secure but want someone to ensure you’re on the correct route.

Finally, if you don’t have the time or inclination to handle your money, hiring a financial professional is an excellent way to take care of your financial wellbeing while freeing up time for other pursuits.

Here are 3 signals that it could be time to seek help from a Financial Advisor:

  • Problems managing your finances on your own
  • You haven’t made a plan for the future
  • You don’t understand how to invest effectively

If you’ve recently gotten married, had a kid, switched jobs, or gone through any other major life event, it’s possible that your financial strategy needs to be modified. These adjustments might be overwhelming; therefore, they should be handled by a financial advisor.

Financial stress is typical, yet it indicates that you may need expert assistance. It’s time to seek financial counseling if you’re frequently concerned about money or if arguments about money are creating tension in your relationship.

A financial advisor can assist you in developing objectives and a plan for achieving them. Even if you already have a strategy, an advisor may be able to help you with periodic reviews and updating. If you don’t have a financial plan, now is your chance.

These are a few general reasons you might need professional help from an advisor, but please note that this list is by no means exhaustive.

None of Your Savings Is Invested, or You Don’t Know How to Invest.

Because we live in an inflationary age, any money you keep in cash or a low-interest account will lose its value each year. The only way to grow your money is to invest it; unless you have a very high income, most people will never have enough money to retire.

You Have Investments, But You’re Consistently Losing Money

Even the most significant investors can lose money when the market is down or when they make a decision that doesn’t go as planned. However, investing should help you build your net worth considerably. If this isn’t the case, working with a financial advisor may assist you in determining what you’re doing wrong and fixing it before it’s too late.

You Don’t Have a Current Estate Plan.

A financial advisor can also assist you in putting together an estate plan to ensure that your assets are dealt with as you intended after you pass away. A financial advisor can also help you with this if you aren’t adequately insured (or don’t know what insurance You require). Some

“fee-only” financial advisors may be able to provide you with estate planning services for a lower cost than an attorney.

You’re Unsure If You Can Afford to Retire

The only way to know if you have enough money to retire is to run the numbers. This task is complex, and most people make numerous mistakes that lead to overestimating how much they’ll need. Working with professionals like ourselves makes the prospect of “missing something” far less likely. You’ll sleep soundly at night knowing our competent financial specialists are helping to manage your finances.

If you haven’t already checked out our Radio Program, you can now listen to previously recorded archived episodes. We can help with various financial planning situations, so please don’t hesitate to contact our office and schedule a consultation. We can be reached at 509-922-3110 or by using our contact page.

Have doubts about us or another financial advisor? Don’t be worried, check your investment professional.


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