Which Situations Call For A Financial Advisor? (Part 1)
Have you been going back and forth as to whether you should utilize financial planning services? While financial guidance isn’t always needed for every financial decision or situation, there are certain situations where people can most benefit from financial planning services and where it’s wise to seek out financial advice. Here are some situations where help from a financial advisor would be most beneficial:
You Want To Start Investing
If you’re new to investments and are wanting to start investing, then it’s highly recommended that you meet with a professional financial planner to help assess your financial situation and to find out which options will benefit you the most and be the best decisions based on your situation. Since most people don’t have a lot of knowledge or knowhow when it comes to making investments, it’s vital to get guidance from someone who knows the ins and outs of investments and who will be able to put you on the right path.
You’re Saving For College
Another situation where you would benefit from receiving financial advice and guidance is if you have a college fund set up for your child or children and are looking to save money for their future college expenses. Saving for college is extremely important, especially considering how costly it is, which is why it’s also equally important to make sure that you’re able to save as much as you possibly can and make the best decisions with regards to long-term financial decisions and planning. This is where the help and guidance of a financial advisor comes in handy.
You’re Planning To Retire
Lastly, if you’re someone who is well into your working years and you plan to retire someday, it’s a good idea to meet with a financial advisor at least a few times in order to make sure that you’re on track to be able to retire by the age that you wish to retire by, and to make financial decisions and plans that are long-term and will guarantee a steady stream of income for you when you stop working and retire. Many people meet with financial advisors once they start getting close to retirement age. However, the sooner you meet with one and start planning for retirement, the more likely you will be able to retire earlier and will be able to save more money and make more money even after you retire.
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.