Investing in a financial planner may sometimes seem like it's only meant for those with considerable assets, but a financial planner is really a valuable resource that everyone can use to get the most out of their money. Financial planners make it easier to make both big and small decisions so that you can have the comfort and security you desire for yourself and your family. Here are 10 clear signs that you could use a little extra help to get all of your numbers in order.
1. Your Assets Have Recently Changed
When something drastic happens in your life — be it a huge windfall or a major catastrophe — it can help to get in touch with someone who isn't so close to the situation. A financial planner can make it easier to see the situation objectively, so you can manage everything correctly.
2. You're Consistently Getting a Tax Refund
Tax refunds can feel like finding money on the ground, but they're not really meant to happen every year. Restructuring your taxes means you'll get more money to spend throughout the year rather than giving the government an interest-free way to accumulate cash.
3. You're Worried About Retirement
When you think about your retirement funds, do you cringe just a little bit? A financial planner can go far beyond the advice you'll find online to find a strategy that works for you and your income. Ideally, it's helpful to start planning your retirement as soon as you're able to.
4. You're Confusing Your Numbers
If your accounts are starting to get jumbled together, you might want to consult a financial planner to straighten everything out. You could be paying far more in official sounding fees and charges that are actually just ways for someone else to make money.
5. You're in Trouble
There are plenty of ways for people to become consumed with debt. Sometimes it happens quickly and sometimes it can happen slowly over time. As with everything in life, the first thing to do is admit there's a problem before checking with a financial planner for the solution.
6. You Want to Provide After You're Gone
Wills and trusts ensure your accumulated wealth make it to the people who need it the most, but it doesn't just automatically happen. A financial planner won't just print off standard templates from the internet — they'll help you organize your estate so there's no confusion or controversy later on.
7. You Don't Have Time to Invest
Investments make it possible to turn your money into the wealth you always dreamed of, but not everyone has time to study the market. A financial planner can diversify your portfolio so you stand a better chance to increase your assets. The right financial advisor looks for smart strategies without spreading your assets too thin.
8. You're Changing Your Family
Divorces, marriages, and new children all call for shifting your income to make room for the event, and it's easy to underestimate just how much it will all cost you. Financial planners can make it easy to structure college funds, alimony, or prenuptial agreements so everyone is protected.
9. You're Expanding a Business
Businesses who expand have a tendency to do so very quickly. This can lead to the business crumpling under the weight of its own growth. Financial planners can advise the best ways to spend without compromising the integrity of the business.
10. You Have Questions
Even the smartest people in the world have questions about their finances, but there is no one-size-fits-all solution! As helpful as standard advice may be, a financial planner can answer questions so that you can be more confident with where your money is going on a long-term basis.
If you have questions or need a second opinion about your financial planning needs , call us at 941-778-1900 or click here to complete our contact form. We work primarily with clients who desire our personal, yet structured process for planning and investing that relieves them of the day-to-day worry of the financial markets with freedom to pursue what they value most and allows them to feel confident and reassured. We call this process the “Waypoint Formula.”
This content is developed from sources believed to be providing accurate information, and provided by Twenty Over Ten. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.