Four Ways a Financial Planner Can Help You Develop a Financial Planning Approach

Asset allocation

Everyone has different priorities for their finances. Whether you’re hoping to save for your retirement or get out of debt, you can benefit from hiring a certified financial advisor. By continuously evaluating a clients’ financial situation — including assets, liabilities, income, insurance, taxes, investments and estate plan — certified financial advisors strive to help their clients achieve their financial goals.

No matter what your income level, you can’t afford not to work with a certified financial advisor and develop a financial planning approach.

Here are the top four services a registered financial planner can offer to help you optimize your finances:

1. Retirement savings: Making sure you have ample money saved for your retirement is more important than ever — yet only 37% of working Americans have calculated how much they will need to save in order to retire, according to a U.S. Retirement Confidence Survey.

2. Stock advice: Currently, approximately 52% of Americans have invested in the stock market. Knowing when to buy and sell stock can be confusing for newcomers, and a precise science for veterans. When you work with a certified financial advisor, you’ll have the best advice for navigating the stock market like an expert.

3. Investment advisement: Investment advisors can be a great source of knowledge about the best places to invest your funds. The best investment advisors usually invest their own money in the same companies they tell you to invest in.

4. Debt management: If you’re struggling with debt but don’t need to file for bankruptcy, a certified financial advisor can work with you to develop an individualized plan for debt repayment. Visit here for more information.

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Laura

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