You might be wondering whether or not you need a financial planner. In short, when you have questions that require more than a simple yes or no answer, you most likely could benefit from the services a financial planner provides.
Let me be more specific. A financial planner can help when you have questions about your finances that involve:
- Legacy/Succession Planning; wills, trusts, directives, etc.
- Insurance Planning; life, long-term care, etc.
- Investment Planning; 401(k), retirement needs analysis, etc.
The role of a financial planner is much like that of a quarterback. Given the breadth of advice a financial planner provides, and the unique circumstances of each individual, an exact prescription for seeking professional advice is challenging to provide. However, certain financial planning activities such as those listed above are excellent times to engage a professional.