How to Know if a Financial Advisor Could Benefit You

Good news. Happy young loving couple bonding to each other and looking at man sitting in front of them at the desk and gesturing
10 Nov 2018
Wondering if you need a financial advisor? Click here to find out if a financial advisor could benefit you!

Keyword(s): financial advisor

Your wallet is a sieve and the money stored in it is leaking like there’s no tomorrow. Or so it seems.

If you feel like you don’t have the greatest handle on your money, you’re not alone. In fact, if the millennial generation is a barometer of the future, things look quite grim on the finance front, as just 24% of millennials have demonstrated basic financial literacy.

Wondering if you need a financial advisor? Here’s a look at how a financial advisor could benefit you.

Let’s jump in!

Have You Just Landed Your First Job? You Could Use a Financial Advisor

If you’re starting out in the workforce, it’s not a bad idea to elicit the help of a financial advisor. This is true whether your first job pays you $15,000 per year or $150,000 a year.

An advisor can guide you in saving money for retirement. Plus, you might get insight into maximizing your company’s benefits package. The sooner you create a solid financial plan, the better off you’ll be financially in the long term.

Do You Have Kids?

If you’re thinking about starting your own family — or if you’ve already started one — you’ll go through some huge financial adjustments. In fact, research shows that American parents spend more than $233,000 on averageto raise a child.

In light of the above, it makes sense to consult a financial advisor right away.

Not only will your advisor give you financial advice but also they may give you handy estate planning advice, too. In fact, they might even collaborate with an attorney to ensure that you have a smooth estate planning process.

Would You Like to Pass On Wealth?

To piggy-back off the previous point, if you’re interested in passing on wealth to your children, consulting a financial advisor is one of the best moves you could make.

That’s because advisors can determine how a major gift will impact your financial situation both now and during retirement. An advisor will also show you how to transform a financial donation into a huge tax advantage.

Have You Just Received a Sizable Amount of Money?

If you’ve received a relatively large amount of money, this is the perfect time to reach out to a financial advisor for help.

The money you receive may be an inheritance, large raise, buyout or even a bonus. If you don’t talk to an advisor first, you might end up squandering the money.

An advisor will help you to make money decisions in a thoughtful manner so that you can use your windfall to improve your financial situation and security long term.

How We Can Help

We are a leading investment adviser whose number-one focus is to help our clients to achieve their financial goals.

For this reason, we can help you define your financial goal as well as engage in tax, insurance, retirement, and estate planning. We also offer guidance in areas such as business planning and transferring wealth between generations.

Get in touch with us to find out more about how a financial advisor can put you on the path to solid financial health — and keep you there — in the years ahead.

Share

Solera