Many people assume there is a timeline they should follow when it comes to working with a financial advisor. However, this isn’t the case at all. There are different events and scenarios throughout a person’s life where it makes sense to consult with a financial professional.
Regardless of whether you are starting a new job, retiring, downsizing your home, or thinking about starting a business, it is important to make sure you have all of your financial assets in order. Our team of expert advisors can help you create a plan that will set you up for success in the future.
Let’s look at a few scenarios where it may make sense to speak with a financial advisor.
Starting a New Job or Retiring From an Old One
Change in the workplace can be exciting and scary at the same time. If you are starting a new job or retiring from a current one, you may be questioning when to hire a financial advisor. Truthfully, any time there is going to be a change to your retirement funds you should consult with a financial professional.
Having a financial advisor will help ensure you have a plan in place for your retirement benefits that will last you through the rest of your life. Too often, people assume that they have saved enough but fail to plan for the unexpected. This can often lead to financial hardship later in life.
You Are Planning to Retire within the Next 5 - 10 Years
When you only have a couple of years to go until retirement, it can be a wondrous feeling. However, it is important that you also have a plan in place for your assets. You will need to have answers to questions like - How will I pay for bills without income from a job? Do I have enough saved if there is an unexpected emergency?
Although it is possible to handle your finances independently, the value of working with a financial advisor in this type of scenario can be hard to pass up. Our team of experts can analyze your current assets, savings, and retirement funds to help establish a plan that will support you as you move into retirement.
You’ve Decided to Downsize Your Home
At a certain point in your life, it might make sense to downsize your home. Whether you are relocating to a new area or your children have moved off to college, having a smaller home might feel like the best option. Typically, when downsizing homes, you will be selling your old house to pay for your new place.
Working with a financial advisor can be beneficial during the transaction process as they can help you determine the best way to use any additional funds you receive from the sale. They can also help you establish a plan for meeting your financial goals moving forward.
There Are Goals You Are Saving For - Housing, Education, or Investing
Everyone has financial goals, no matter if it is to buy a house, go to school, or invest a portion of their income. The path to achieving these goals can be obtained in many ways, but not every way works for everyone. For example, one person might be able to set aside 20% of their monthly income, while someone else can only set aside 10%.
It doesn’t mean that either person has a better chance of reaching their goals, but it does change the strategy both have to follow. A financial advisor can help you determine the best strategy for your current situation and help you outline the best way to achieve your financial goals.
You’re in the Early Stages of Starting a Business
Starting a business is the dream of millions of people throughout the country. The freedom that comes with being your own boss is exciting, but it also comes with added responsibilities. You have to have a financial plan in place that will allow you to survive if you have a couple of down months.
of financial experts can help you create a plan for your business that will optimize your current assets and help you last on your savings if needed. We can also help you establish a retirement plan that will help you maintain your current lifestyle after you decide to retire.
How Our Team of Expert Advisors Can Help
The value of working with a financial advisor who has your best interest at heart is unmatched. Not only do you have someone who will help you make the best financial decisions to help you reach your goals, but you will also have a partner that can give you advice.
Our team of experienced financial advisors takes pride in helping our clients understand their personal finances and achieve their financial goals. With our holistic financial approach, we will make sure all of your assets work together to help you reach financial independence.
Schedule your free complimentary consultation with one of our trusted advisors today or reach out to us via phone at 440-934-9181 or email us at firstname.lastname@example.org.