Ideally, everyone would have a team of financial advisors to help them reach their investment, savings, and financial planning goals. Undoubtedly everyone could benefit from experienced guidance. But it isn’t always easy to determine when it is the right time to hire a financial planner. Here are 3 times when it is critical to hire a financial planner:
You Need Assistance Planning A “Roadmap” For Your Financial Future
This is the typical reason many people who are new to financial planning hire an advisor. When you’re just starting out, there are often many goals competing for your limited financial resources. At the beginning of your financial planning journey, you have to identify which financial goals are most important to you and create a plan to help you reach those goals. Goals often include things like paying off student loan debt, buying a home, saving for retirement, saving an emergency fund, saving for your children’s college fund, etc. With so many important goals competing for our attention, it’s no wonder we get so overwhelmed by money and savings when we are first starting out! A financial planner can help you sort out the goals that are most important to start working towards now and help you find a plan to address the other financial goals in your future.
You Simply Don’t Want To Manage Your Own Finances
Of course, there are some people who just don’t like to manage their own finances. They know that financial planning is important, but they just don’t want to be bothered with it personally. And that’s perfectly ok! The important thing is that if this is you, that you acknowledge you don’t want to deal with it and hire someone else to do it for you. You shouldn’t miss out on the potential security and benefits of financial planning just because you don’t like to deal with money!
You Are Facing A Major Life Transition Such As Retirement
Any time you are facing a major life transition that involves a change to your finances, you should work with a financial planner to help you through the transition. The most common life transition this applies to is retirement. However, this can also easily apply to recently married couples who are having difficulty managing their finances together, or can apply to an individual who was recently divorced and needs help managing their finances as a single person. Another major financial transition is when someone inherits a large sum of money or assets.
Contact Focus Wealth Strategies For Your Complimentary Consultation!
Contact Focus Wealth Strategies, LLC. to take the first step towards reaching your financial goals and protecting your family’s security in the future. We believe that everyone deserves solid financial advice and guidance – even when they are just starting out. We have no account minimum requirements and offer a variety of services and products with different fee schedules. Call our Brandon office at (813) 305-0411 or our Bradenton office at (941) 776-0589 or complete our online contact form to schedule your free initial consultation with one of our financial advisors!
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.