Do I Need A Financial Advisor?
Have you been wondering lately if you may need the advice and/or assistance of a financial advisor, but aren’t sure if you really need a financial advisor or if it’s possible for you to manage your finances on your own? Here are some questions to ask yourself to help you determine if you need the help of a financial advisor or not:
Do you know the ins and outs of finances and investments?
The primary reason why people seek out advice and help from financial advisors is because they don’t know the ins and outs of finances and investments like financial advisors do. However, if you are someone who is interested in finance and investments, or has some background in finance and/or investments, then help from a financial advisor may not be needed. But, if you don’t have much interest in finance/investments and/or don’t have a lot of knowledge about such, then you may need some advice and guidance from a financial planner.
Do you have a long-term financial plan?
Another question to ask yourself is: do you have a plan? Do you have a personalized, long-term financial plan in place to ensure that you are saving money and will be able to have different, consistent sources of income in the future when you retire? Do you feel like you already have the best financial plan in place based on your financial situation? If you have a plan and feel like it’s the best plan for your situation, then you may not need guidance from a financial planner. However, if you don’t have a plan or you would like to know more about what your financial options are, then you may want to consider meeting with a financial advisor.
Are you on track to retire by your desired retirement age?
Lastly, you should also ask yourself if you’re on track to retire by time you reach your desired retirement age. If you’re wanting to retire and become financially independent by a certain age, then you need to make sure that you are able to save enough money and have enough sources of passive income to be able to afford to pay your living expenses even after you retire. If you don’t have a retirement plan or aren’t on track to retire by the age you would like to retire at, then you should consider utilizing the services of a financial advisor to help you get on track to retire and become financially independent earlier on in life.
I'm Michael Rebischke, and as a wealth advisor, my job is to help you manage your financial affairs, and put a plan in place so you can focus on enjoying the life you want to life. As life continues to evolve, the impact of every financial decision is greater than ever. I work together with my clients, providing them with easy-to-understand recommendations, and helping them implement them every step of the way.