Empower Blog

June 28, 2021

Why Do You Need a Financial Advisor?

It’s possible that achieving the financial future you’ve always dreamed of isn’t quite as complicated as you believe. Sometimes, you just need the right person in your corner. Here are a few ways working with a trusted partner can help you identify and work toward your financial goals on your financial journey.

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

Thanks to high-speed internet and hand-held devices, education and technology are available at your fingertips to help you get started. And if you have, you may have already started to dive into these three key areas:
  • Building an emergency reserve
  • Paying down debt
  • Working towards having a plan and 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 myth of a “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/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.

One of the myths we see often is the belief that you can leave your finances on “autopilot.” The question is, will you really be able to stick to a financial plan you can trust if volatility in the market hits? And can you be confident the portfolio you own serves your specific needs?

In turbulent times, having an experienced financial advisor can be helpful in navigating the uncertainty. After all, money can be very emotional. During volatile times, 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 challenges, and at the same time, the need to evaluate whether you need to pivot your financial priorities. Some critical life stages and important financial decisions could include:
  • Buying your first house
  • Having a baby
  • Planning for college
  • Saving for retirement
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.

How financial advisors can help you on your financial journey.

If you would like to chat more about how to build your financial plan to help you make progress towards your goals, let's connect. You can find out more here.

 

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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. We know everyone’s financial situation is unique. By understanding your goals and financial aspirations, we can craft a roadmap that can assist you in reaching them. Whether you’re looking to build and preserve wealth, plan for college expenses, save for retirement or leave something for the people and organizations you care about, our Wealth Advisors are here to guide you through your short- and long-term plans to strengthen your financial health.

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


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