Empower Blog

October 18, 2023

3 Reasons Why You Should Work with a Financial Advisor

When looking over your finances, you might wonder if you need a financial planner. Whether you’re a young professional starting out in your career, a seasoned investor that’s been doing it alone, or even if you believe you don’t have enough money, a trusted financial partner can help.

 

Achieving the financial future you want isn't complicated if you know how to plan for life’s big events. It starts with having the right person in your corner to help you take charge and navigate those big moments and the financial decisions associated with them.

 

No matter what stage of life you are in, reach out to a financial advisor who can help you look beyond your immediate needs to help you build a strong financial future. Here are a few ways working with a trusted, local financial advisor can help you identify and work toward your financial goals.

1. You've made a good start, but you need a financial plan.

Thanks to the digital world and smart phones, education and technology are available at your fingertips to help you start your financial plan. You may have already started to dive into these three key areas:

  • Building an emergency fund
  • Paying down debt
  • Saving for retirement

For many people, though, getting started in these areas is not the issue. Instead, the greatest challenge is creating a financial plan for themselves or their family and staying the course for the long term. As you begin to consider creating a financial plan you can stick to, it’s important to veer away from the “one size fits all” approach.

 

Having a financial advisor who knows you well is an essential step in creating a laser-focused financial plan based on you and your family’s unique needs. Putting together a plan like this takes time and commitment from both you and your financial advisor. A solid relationship with your advisor allows you to have a partner to help you through the process.

2. You need confidence in your financial decisions.

Don’t leave your finances on “autopilot.” Your portfolio should serve your specific needs at every life stage. If volatility in the market hits, you’ll need to be able to stick to a financial plan you can trust.

 

Having an experienced financial advisor can be helpful in navigating the uncertainty. After all, money can be very emotional. You might find it beneficial to have an objective, non-emotional financial advisor that has your best interests in mind.

3. You’re entering a new life stage, which includes new challenges.

Every stage of life brings new joys and new challenges, and at the same time, the need to evaluate whether you need to pivot your financial priorities. Significant life stages and important financial decisions could include:

  • Buying or selling a home
  • Starting a family
  • Planning for college
  • Saving for retirement – or wanting to retire early
  • Beginning a marriage – or ending one
  • Receiving an inheritance or bonus


In reality, not all people anticipate what is needed financially in each life stage. Having a financial advisor means you can access the experience they’ve gained from guiding others through these various life stages.

 

At CommunityAmerica, all your financial needs are easily accessible at one place. Wealth Advisors work from branches in your neighborhood with the same great service as you know and love from CommunityAmerica. If you would like to start building your personal financial plan to make progress towards your goals, connect with a Wealth Advisor today.

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About the Author
CommunityAmerica Author
Wealth Management by CommunityAmerica

Wealth Management by CommunityAmerica is rooted in helping individuals, business owners and families with financial and investment planning to help them achieve a financial peace of mind. At the center of our Wealth Management practice is a focus on you, the member.

Securities and advisory services offered through Copper Financial Network (Copper Financial), LLC, Member FINRA/SIPC. Copper Financial is a SEC registered investment adviser. Copper Financial is a wholly-owned subsidiary of CommunityAmerica Credit Union. Wealth Management by CommunityAmerica is a marketing name used by Copper Financial. For important disclosures from Copper Financial, including our Form CRS, please visit here. Investment and insurance products, including annuities:

 

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