Do you feel less than confident in your financial decisions? If so, then you're not alone. Rather than making uninformed decisions that could impact your finances in the future, why not speak with an expert? Financial planners are trained and experienced professionals who can provide you with valuable guidance to make educated financial decisions. While there are dozens of possible reasons to hire a financial planner, there are a few situations in which you'll definitely want to consult with one.
You're Clueless About Retirement
Do 401ks and IRAs have you totally confused? If so, then a financial planner is a great resource. Based on your income, employment, and retirement goals (as well as other financial factors), an advisor will be able to sit down with you and review your options. He or she can even give you advice on which type of retirement fund would be best suited for your short and long-term goals so you can make the most of your nest egg.
You Want to Open a Business
Starting a business requires a great deal of financial planning and capital, so you'll definitely want to work with a financial planning service before you begin the process of creating a business plan or seeking out financing. A planner will be able to advise you on how feasible your plan is and what type of financing options may work best for you. They may even be able to direct you towards some great business grants for which you may be eligible.
You're Going Through a Divorce
Going through a divorce is not only emotionally challenging, but financially difficult as well. Even if your divorce is relatively amicable and peaceful, it's important that you speak with a financial advisor to see how your budget and monetary goals may be affected by things like child support, alimony, and other divorce costs.
You're Considering Bankruptcy
Finally, if you're in a dire situation and thinking about filing for bankruptcy, be sure to speak with a financial advisor first. While bankruptcy can be a viable option for many in debt, there are other alternatives that may be worth exploring. A financial advisor will be able to sit down with you, review your options, and ultimately help you make the best decision for your financial future.
Ready to consult with a financial advisor? Now is a great time to set up a consultation with a local financial planning service professional.