Do I Need Financial Planning?

Have you been thinking about creating a financial plan for yourself, but just don’t know if you actually need to take the time to do it? If you’re teetering on the idea, ask yourself the following questions:

  • Are you unclear about how your current investments are performing?
  • Do you and your spouse differ over how to handle your money?
  • Are you confused about the vast array of investment options?
  • Do you feel you pay too much in taxes?
  • Are you uncertain if you have the right kinds and amounts of insurance?
  • Have you delayed creating an estate plan?
  • Are you worried about not having enough money to retire?

If you answered ‘yes’ to any of the following questions, there’s a good chance you should consider financial planning.

Now, how do you know where to start? Do you go at it alone or do you see a professional? The Financial Planning Association lists the following circumstances when it is in your best interest to see a professional financial planner:

  • You have little or no experience with finances
  • You don’t have the inclination
  • You want an outside perspective
  • You have a complex financial situation
  • You don’t have the time

Whether you choose to partner with a financial planner or go at it alone, the steps of financial planning are the same. If you’d like assistance from a professional, see if one of our Certified Financial Planner™ Professionals can help you.

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