Have you ever wondered what it might be like to work with a financial advisor? Maybe you’ve been working on building your financial portfolio for a few years and you’re ready to take the next step in your investing journey. Maybe you’ve taken a few retirement quizzes online and want to know how much you’ll really need to retire well. Or maybe you’ve been on a journey trying to get out of debt and build a stronger financial foundation. No matter what your financial circumstances may be, chances are you’re a good candidate for a financial advisor. If you’ve ever wondered about the benefits of a financial plan, working with a financial advisor may be the right next step for you.
Benefits of Having A Financial Plan
A recent study by Bankrate found that 74% of adults have at least one financial regret.1 And one in five Americans regret not saving for retirement early enough.2 Based on these numbers, there’s validity in having a financial plan. Whether your goals are to save for retirement, invest well, and strengthen your financial foundation, or just to pay off debt and save for emergencies, working with a financial advisor can help you get there.
How to Know If You’re A Good Candidate For A Financial Advisor
Many people assume that working with a financial advisor is only for those who have a lot of wealth to manage. While that’s a big reason to invite a financial professional onto your financial team, we want to reassure you that you don’t have to be wealthy to work with an advisor. If you’ve ever wondered, “Should I use a financial advisor or do it myself,” you’re not alone. However, using a financial advisor can be the difference between staying stagnant with your finances and creating a plan and building your wealth.
Last year, only 37% of Americans worked with a financial advisor.3 We want to see that number grow in the years to come. If you’re wondering whether working with an advisor is right for you, here are a few factors to consider that could make you a good fit for their services this year:
1. You want to increase your wealth.
If you have already paid off all your debts, have a robust emergency fund, and have also started investing. You may be consistently contributing the maximum amount towards your retirement savings and feel that you want to have a more significant impact on your finances. If this is you, seeking guidance from a financial advisor can be a wise decision. Working with an advisor will help you develop new strategies and a comprehensive financial plan to increase your wealth.
2. You want to retire well but aren’t sure where to start.
The internet is full of retirement calculators, advice from well-meaning financial influencers, and everything in between. However, these resources do not take into account your specific financial situation, goals, and retirement aspirations. When you invite a financial advisor into your journey, they’ll help you create a plan that is specific to you . . . because every financial journey and retirement dream is different.
3. You want to leave a financial legacy for your family.
The desire to leave a legacy after we’re gone is something most of us have in common. Whether that’s wanting to posthumously donate our wealth to a favorite charity or cause, or set our loved ones up for financial success, leaving a legacy for future generations is a beautiful reason to invite a financial advisor or financial team into your story.
If any of these characteristics are true for you, it may be the right time to invite a financial professional to help you. The benefits of having a financial plan far outweigh trying to reach your goals on your own. If you’re ready to start reaching your goals and grow your wealth, SageSpring Wealth Partners are ready to help.
Reach out to a SageSpring financial advisor in your area and start building the financial plan of your dreams today.
