Financial Planner Frequently Asked Questions (FAQ)

The decision to work with a financial planner requires deep and careful consideration. Due to the fact they can charge some significant premiums, you should approach the whole matter in terms of how much it will cost you and what you should you expect in return.

Financial planner frequently asked questions:

Can a financial planner assist me with planning my financial future?

This is particularly true for those people who are just starting to earn some substantial revenue. With so many goals competing for our financial resources like paying off student loans, starting an emergency fund kitty, taking a vacation, owning a home, getting married, engaging in fun activities, or planning for your retirement, it is quite astonishing why more people in their 20s and 30s don’t breakdown due to being overwhelmed.

However, the aspect of hiring a financial planner can also mean an extra one to two thousand dollars in your budget. In such a situation, the best thing you can do is to adequately evaluate your expenditure requirements. If you have a viable emergency fund kitty and can afford the cost of hiring the services of a financial planner without landing into debt, then such a move may prove to be a good investment. In fact, you might end up finding that your planner’s fee can actually pay for itself due to better financial decision making.

Can they help me with my unwillingness to deal with money matters?

There certain people who simply dislike managing their cash, which in some cases can be quite understandable. However, if you are such a person, the thing you should remember is to work with someone who will do it for you.

Most financial planners have a threshold their clients must adhere to before they can work with them, it could be between anything from $50,000 to $1,000,000; it all depends on their terms of agreement. As a result, you should do your research beforehand.

If your cash is insufficient, it would be better to find other financial management alternatives.

What is the importance of an impartial third party’s opinion?

There are plenty of people who do not fully understand or appreciate the need of hiring a financial planner. In most cases, they believe they have sufficient skills to handle their money and paying premiums to a third party would be a waste of resources.

This kind of thinking is rather misguided because regardless of how much information you are able to gather about investing, you will never quite be on a level playing field with Wall Street, and no matter how many good deals you strike, you will still be prone to bad decision-making practices, coz after all, we are all human.

Therefore, if by paying for the services of a financial planner can save you from making one bad financial decision, or make you aware of an opportunity you may have overlooked; they will very well be able to increase your returns, despite their fee.

Related Information:

Financial Planner Frequently Asked Questions (FAQ)
Rate this post

Sign up for our eNewsletter

Welcome! Please input your email address in the box below to begin receiving periodic email newsletters from Assured Retirement Group. Our e-newsletter covers timely financial news and planning strategies you can put to use. You will be able to unsubscribe at any time, and this service is free. Please let us know if you enjoy receiving the email updates and if there are any topics you’d like us to cover.

You have Successfully Subscribed!

Retirement Guide Includes:

Financial Evaluation
Comprehensive financial assessment form.

Pre-Retirement Checklist
Our checklist lets you know exactly what you need and what steps must be taken before you retire.

Financial Inventory Form
Allows you to keep a detailed record of your assets in an organized manner so that your retirement options are clear.

You have Successfully Subscribed!

Schedule An Appointment:

Fill Out This Form To Get Instant Access To My Schedule! Pick A Day That Works Best For You!

You have Successfully Subscribed!

Retirement Guide Includes:

Financial Evaluation
Comprehensive financial assessment form.

Pre-Retirement Checklist
Our checklist lets you know exactly what you need and what steps must be taken before you retire.

Financial Inventory Form
Allows you to keep a detailed record of your assets in an organized manner so that your retirement options are clear.

You have Successfully Subscribed!

What We Will Cover In This Webinar

 

  • Generating Income For Life

 

 

  • Legally Maximize Social Security 

 

 

  • Minimize Stock Market Risk 

 

 

  • Ethically Reduce Taxes 

 

 

  • Disinherting Your Family by Mistake 

 

You have Successfully Subscribed!

WhyWe UseWealthGuard

WhyWe UseWealthGuard

Manage all of your accounts

Take control of your investments

Help protect your retirement

You have Successfully Subscribed!

Why We Use Wealth Guard

Manage all of your accounts

Take control of your investments

Help protect your retirement

You have Successfully Subscribed!

Let Us Help You Prepare For Retirement

Get Instant Access To Our Retirement Video Series

You have Successfully Subscribed!