Sign In
Search

How a Financial Expert Can Help You Reach Your Money Goals 

If better financial planning has been a long-term goal for you, you’ve probably run into some common issues along the way: deciding how much you need to save for retirement, balancing debt and long-term goals, and simply covering day-to-day expenses are all common challenges most Americans face.

Even if your goal is just saving more money, a seasoned financial services professional can help you get there. Here’s how asking for the right kind of input from a professional can help you define your goals and map your financial path to success.

Challenge #1: You’ve got competing goals, and you need to prioritize them.

Perhaps you already know exactly what you want from life over the long term, but you’re not sure where to start. For example, should you save for a home before paying off your student debt? Or should you build a larger emergency savings before you start investing?

It’s all about finding an approach that allows you to hit your fiscal stride sooner rather than later. In this quest, the outside perspective and hard-won experience of a financial advisor can often prove invaluable as you work to answer common overarching questions we all face, such as “Where do I begin?” and “What can—and can’t—wait?”

A financial planning professional can help cut through the fog and chart a course to establishing the financial security that can sustain those goals.

Challenge #2: You want to invest but need guidance.

There are many interlocking parts to consider when it comes to building the right comprehensive plan. For example, how much money can you really afford to put aside for investments? Keeping that aforementioned risk tolerance level and time horizon in mind, what is the best allocation of funds between stocks, bonds and other investments? Do you have a long-term investment plan that will make it easier for you to stay the course and keep your cool even amidst a volatile market?

A financial advisor can help you answer these questions and get that much closer to realizing the true potential of your personal portfolio. They can also help you stay on track so that your careful planning and persistence pay off.

Challenge #3: You’re trying to make sense of your savings options.

There’s more to money management than putting money in an account and watching it grow. (Although that does sound great, doesn’t it?) There are other savings plans you may want to explore, including a 529 college savings plan for a new baby, a small business retirement plan for a sole proprietor, or a Roth IRA as a catch-all for future spending needs—say, college tuition, the purchase of a home or even retirement income.

A financial advisor can help you determine which vehicles could be best suited for your financial needs and goals—and then show you the steps to take to set your newly honed savings plan(s) into motion.

What if you’re not quite ready to speak to a professional?

Not everyone is ready to work with a financial professional right away. Lasting change sometimes means going at your own pace and on your own terms.

But just because you’ve decided to forego a one-on-one consultation for now doesn’t mean you’ve got to go it completely alone: You can still leverage top-notch financial expertise by using an easy-to-access online resource like FutureFIT® University, designed to help you identify and stick to your goals over the long term.

[1] https://s3.amazonaws.com/cfsi-innovation-files-2018/wp-content/uploads/2019/02/25191008/Pulse-2018-Baseline-Survey-Results.pdf