BUSINESS CENT$
5 Reasons to Use
a Financial Professional
Written by The American Payroll Association
(BPT) - True or false: You need to be wealthy to use a financial professional. It's a common misconception, but in fact there are financial professionals that can help at various stages in life, whether you're just starting out or nearing retirement. It can be a huge benefit to sit down with one to discuss options, investments, savings and retirement. No matter where you are in your life - new to the workforce, starting a family, in your big earning years or nearing retirement - some guidance from a financial professional can give you the road map toward a financial future. Here are some of the top reasons for seeing a financial professional.
You don't have much saved for retirement ...
More than half of Americans have less than $10,000 saved for retirement,
according to the American Payroll Association. But even if you're flirting with 50 and don't have much saved, it's not too late to start building wealth for your future. A financial professional will assess your situation and help develop a financial strategy with the goal of a comfortable retirement in mind.
... or you do, and you're nearly ready to retire
Saving for retirement and knowing how to use that money wisely in retirement are two different animals. A financial professional can help you build a strategy that aims to use your retirement savings, help it grow and help it last.
Your parents are aging or ill
Caring for an aging or ill parent is tough emotionally, and ambiguity or strife around finances only makes it worse. Elder care is an expensive business, and how best to use Mom and Dad's money to make sure they get the best care possible can be a complicated quagmire, especially if siblings are at odds about what to do. Sitting down with a financial professional is a great way to sort this all out with a neutral third party whose focus is most appropriately using the funds that are available.