Looking forward to building a more financially secure future for you and your family? It can be a lot more complicated than you might think. Simply squirrelling away for raining days may have worked in the past.
But in today’s increasingly complex economic landscape, relying entirely on that tactic is tantamount to diving toward a financial catastrophe. At this point, you need the help of experts.
Getting the services of reputable financial advisors will allow you to have a good understanding of where you are today, and how you can get to where you want to be tomorrow.
To further understand how financial planning specialists can help you with wealth building and achieving your life goals, start by discovering the facts behind the following common myths:
Only the super-rich need the services of a financial advisor. There’s a popular and misguided notion that you have to be a high-powered, ultra high-net-worth personality to need financial planning. But the truth is, financial planning with the help of a trusted advisor is crucial even if (or more so because) you are well-off, and also regardless of your current financial standing. You only need one factor to know if you need a financial advisor: If you want to be financially secure, then you need it.
Only the financially problematic needs expert assistance. On the other side of the spectrum is the assumption that financial planning is only necessary if you have money troubles, such as debts or not having enough left for savings.
What many don’t know is that while having a financial advisor is truly valuable for crisis management, professional financial planning is more effective for crisis prevention.
Professional financial advice is equivalent to retirement planning. Yes, retirement planning has become more important (and more difficult) than ever, so it’s helpful to have a specialist by your side when planning for your golden years. But that’s just one part of an integrated strategy.
To truly build a financially secure future, you need to consider other facets, such as estate planning, investment management, philanthropy and insurance and tax planning. The skills and experience of the right financial advisor will help you manage all these concerns from a better-informed perspective.
People can just take advantage of free calculators and free advice online. Even the best-presented piece of advice from experts you see online can only discuss general recommendations. True, effective personal finance advising requires considering the specific life goals, needs and capacity of the individual.
This is only possible if you work face-to-face with a reputable team of financial advisors who will develop solutions based on your specific circumstances and objectives.
So, What’s Your Next Step?
Call our office now at 410-435-3270 to contact us about taking your finances to the next level.