5 Signs You May Need A Financial Advisor

While most people would benefit from working with a financial advisor, there are many factors that contribute to why people are hesitant to take that next step in obtaining one. We often are intimidated by an unknown fee or feel that we have our finances under control ourselves, however, we should look at financial advisors as another investment into our future. There’s no doubt that life throws us many changes in life, especially this year, and it’s important that we prepare for what we can to protect our future. When is it time to take the plunge? Here are 5 signs it’s time to a financial advisor.

There’s not enough time in the day.

Yes, your finances can be managed on your own, but are you taking the time to monitor your finances and take time to check in and evaluate where you are? If the answer to that question is “no,” then you’re not actually managing your finances. Financial advisors are here to do that for you, as well as provide recommendation to next steps and how to get to your next financial goal.

Money makes you stressed.

For most people, money is a large stressor in their life, which is why we all could really benefit from a financial advisor at some point. Financial advisors work to get you to a place where money is not causing immense amounts of stress and you can rest easy about your future financial standings. When life throws you a curveball, they’re there to help walk you through that time.

FP Objectives GraphicGoogle is your strategy.

We truly have an entire world of information at our fingertips, but if you’re heavily reliant on Google to get you through your financial or investment strategy, it’s time to call in a professional. There are plenty of blogs and articles out there to read, but a financial advisor can speak to your specific financial circumstances and help you with decisions that are best for those circumstances.

If you have no idea where you stand financially.

This is a place that is easier to get to than you think—job changes could mean you have 401(k)’s in multiple financial institutions. Other life events such as marriages, divorces, inheritances, etc. can also lead you to a place of uncertainty. Compiling all of that information with a financial advisor can give you a better grasp of where you stand and help work towards where you want to be.

You’re about to make a big change.

Certain decisions we make can impact the financial trajectory of our entire future, and these decisions usually don’t come with an option to reverse them. If you are deciding to retire, take an early retirement buyout package, start Social Security, buy a home with cash or sell a business (just to name a few), having a financial advisor is critical in protecting your future. Financial advisors will help you understand the impact these decisions make on other parts of your life, build a financial plan and assess your alternatives.

Speak With A Financial Advisor

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