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Why should I speak to a financial advisor, I am doing just fine?

Posted by Shanna Tingom, AAMS® on Sep 26, 2016 3:29:04 PM


There are so many reasons that you should be speaking to a financial advisor. Below we touch on a few. The most important reason is that you need to make yourself and your financial security a priority. It’s a fact of life, that none of us can survive without money….the way see it, there is Never a better time than now to invest in yourself and your future!

Life is changing. The great thing about your life is you are always moving, changing, growing. Major life events are THE time you should seek the expertise and support of a financial advisor. Whether you are getting married, divorced, retiring, having a child or starting/closing a business. A financial advisor deals with those types of situations day in and day out. They know how to best protect or invest your assets so that you can stay on track with your long term financial goals. If you are just starting out and still need to figure out what your long term goals are, this is also a great time to seek the advice of a professional as they can help you successfully navigate what can otherwise be a confusing process. A strong financial advisor won’t just invest your money, they will educate you so you can be an active participant in your own financial future!

Are you starting to think about retirement? It doesn’t matter if you are in your 20’s or your 50’s. Thinking about retirement is something that crosses all of our minds at one point or another. But how many people have an actual ‘plan’ for saving, investing and maintaining their lifestyle through their retirement years? Unfortunately not as many as we’d like to think. People tend to spend more time planning a vacation than they spend planning their financial futures. That is a sad but true fact. What prevents them from going? A sound financial planner is Not a salesperson. They are there to help you protect and properly invest your assets. The sooner you start to think about your financial future, the better, as even a little money put away when you are in your 20’s is going to grow significantly by the time you are ready to retire. This also forms the discipline of investing in yourself at a younger age. If you are in your 40’s or beyond, it is all the more vital that you speak with a financial advisor and get a plan in place, so that you can have the security you are looking for when you do reach the point you are ready to retire.

You inherit, win or otherwise ‘fall’ into a large sum of money. What do you do with your assets after your parents just left you hundreds of thousands of dollars? You just received an accident settlement. How do you best manage this ‘new’ money and make it work for you? A financial advisor is a professional who knows the best ways and places to invest your funds which will help provide you with the financial security and sound investment advice you need.

You parents are getting older….almost all of us will face the question of what to do with and for our parents as they age. Will we be able to care for them ourselves? Will they need nursing or fulltime care outside the home? What are the costs? Can I cover them? These are all questions to discuss with a financial planner, as they will be able to help you navigate those tough questions and prepare for them financially.

You’ve managed to ‘save’ on your own. What now? Anyone savvy enough to save 250K or more may think that since they’ve accumulated this much money on their own, so they don’t need financial planning advice. The opposite of that is actually true. Congratulations for hitting that type of a milestone! You are doing something right. But a financial advisor lives and breathes investments and has a fiduciary relationship with their clients to do the absolute best they can for them and their money. A financial advisor can help you with how to best diversify your investments in order to achieve higher returns, protect your assets, etc.

Do you have a legacy plan? If you are a parent or just have an estate that you want to be able to pass on after your death, it is vital to plan for what happens with your assets after you are gone. A financial advisor won’t typically assist in legal document preparation, however, a strong financial planner with have a partnership with an estate planning and probate attorney who can help you to be assured there are no issues with your estate after you are gone. This is a cohesive relationship that a strong financial planner with be proactive about. One thing is to create that wealth for yourself, and when you have been savvy enough to do that, you want to be able to protect it and pass it on.

So before planning that next vacation, take a couple of hours out to research and meet with a local financial advisor. Your future vacations (and a lot more) depend on it!

See more on: http://www.msn.com/en-us/money/personalfinance/8-times-to-talk-to-a-financialadvisor/ss-AAizqFK?fullscreen=true&li=BBnb7Kz#image=1

Call Heritage Financial of Gilbert, Arizona at 480-397- 1184 to learn more.