Would you be surprised to learn that 13.7% of adults in the US have not saved a dime for retirement?
Whether you’ve been saving for retirement or are just getting in the game, you might want to consider hiring a certified financial planner (a professional CFP).
There are different schools of thought on whether or not it’s worth the money. Some people feel that they can handle their own financial planning. Others think it’s the only way to go.
No matter if you’re wondering how to build wealth, planning for retirement, in need of tax assistance, or looking to achieve your long-term financial goals, keep reading to learn how a CFP can help you. Armed with this information, you can decide if it’s the right move for you.
Make Better Financial Decisions
Studies show that people who hire a CFP make better financial decisions in regards to their saving habits, credit card usage, emergency savings, and insurance coverage.
Certified financial planners tend to take a holistic approach to financial planning. This helps clients make better overall financial decisions and enjoy better outcomes.
Help With an Investment Portfolio
To get to your financial goals, a CFP will create a plan and help you use investment tools to get there. Stocks and bonds in an investment portfolio, along with other pieces of the puzzle help you realize your goals.
Tailor a Plan Just for You
When you do a search for a CFP near me, take the time to find someone who is interested in understanding your personality and your specific goals. Financial planning is not one size fits all. As individuals, we have different goals for the future.
There are six different financial personality types. Are you a dreamer? Are you an improviser? No matter in which category you belong, a financial planner can tailor a plan for you.
Can Help Even if Your Savings is Small
Don’t have a lot of money to throw around? You don’t have to have huge sums of money to get started. Starting out small, creating better spending habits, and building wealth is a great and effective plan for low-income households.
A Concrete Plan Leads to Better Habits
When you have a plan and know what you need to do to get there, you’ll develop good financial habits. These habits, like creating an emergency fund or having proper insurance coverage, give you financial freedom and peace of mind.
Be prepared. Before you set up a meeting with your financial advisor, check out these important questions to ask.
What are Your Long-Term Financial Goals?
Now that you know how a CFP can help you reach your long-term financial goals, find the right person for you. Find someone you trust to help you build wealth for your future.
Did you learn something new here? Bookmark our site for easy access to our open community for business professionals and tech geeks. Stay up to date with new business ideas, business growth tips, and more.
