4 Reasons You May Need a Financial Planner

Many people can benefit from hiring a qualified financial planner. They can help you create a plan for today, and tomorrow. Whether you’re in the wealth accumulation, distribution, or preservation phase of your life, speaking with a financial planner will likely help you determine a plan that’s right for you.

It’s Never Too Early to Start Investing

The earlier one starts financial planning, the better. Albert Einstein once said, “the most powerful force in the universe is compound interest.” By starting early, and allowing your investments to grow over a long period of time, you can take advantage of the benefit of compounding. This is especially true if you have income-producing investments that allow you to reinvest your dividends or interest.

You Have Money You Want to Invest

There’s an old saying that goes something like this – you’ve worked hard to earn your money, your money should work hard for you. If you have money sitting idly in cash and you would like it to work for you, you should sit down with a financial planner and come up with a long-term financial plan. Different investments are appropriate at different times of your life and it will also depend on your goals and your risk tolerance.

You Need Income from Your Savings

Are you at the stage of your life where you need to start drawing income off of your nest egg? If so, a qualified financial planner can assist you in creating an investment and retirement plan that takes into account your income needs. Your income goals, risk tolerance, and time horizon should be considered to develop a plan specifically for you.

You Want to Preserve What You Still Have

As retirees get older, they focus more on preserving the capital they have remaining. This is both for themselves and for their heirs. Nobody wants to run out of money. It is often advisable as people age for them to become more conservative in their investments. A financial planner can discuss with you how your plan may need to change as you age.

Are you looking for a financial plan in Naples or Fort Myers, FL? Our firm was founded by Soren T. Christensen, a Certified Financial Planner™ professional with over twelve years of financial planning experience. Click here to request a consultation.