If the idea of meeting with an advisor makes you nervous, you’re not alone. Many people worry that they might be judged for their financial habits or lack of planning. Some are embarrassed by their debt. My advice? Find an advisor who puts you at ease. Whatever has happened in the past – whatever baggage you carry about money – doesn’t need to hold you back from pursuing a healthy financial future.
Here are a few important reasons to secure the services of an advisor:
- You can create a financial plan. So often, people wonder whether they’re taking the right steps to ensure that they can retire someday. Those who are retired wonder if their loved ones will be okay when they’re gone. A financial plan can answer some of those important questions and identify gaps that can then be managed so you can feel more secure.
- Financial Advisors, who are fiduciaries, are obliged to act in your best interests. If you’re worried that you might be encouraged to make choices that are to your detriment, be sure to find an advisor who is a fiduciary. This distinction requires the advisor to act in the best interests of their clients. I have often wished this role existed at car repair shops and other places where I have absolutely no expertise.
- Advisors can provide ongoing monitoring and rebalancing of your investments. Most people don’t want to watch the financial markets and interpret what the world events mean for their portfolios. Even those who watch the market rarely make the changes that are needed at the time they are needed. If it’s not your job, it should be someone’s job to ensure proper attention is paid to your assets. Otherwise, you are likely doing yourself a disservice.
If you’ve not met with a financial advisor, take the first step and reach out. I have worked with countless people who came to my table with apprehension (sometimes even tears) and who left saying, “I feel like I’ve been holding my breath about these issues for so long. Finally, I can breathe.” Kennedy Financial Network offers a complimentary initial consult to remove the barrier for those seeking a stronger financial future. If you’d like to schedule a consultation, don’t wait. Reach out today.