Planning for a Bright Future

About Me

Planning for a Bright Future

When I graduated college, I landed a dream job teaching accounting at a university. For five years I enthusiastically taught my students important accounting principles. During this time, I put a significant portion of my paychecks into a retirement fund. Because I’ve always been extremely conservative with my finances, I invested all of my cash into money market funds. Unfortunately, this decision did not yield great results. Now that I’m older and wiser, I’d like to rectify the retirement mistake I made when I was younger. On this blog, I hope you will discover the best types of funds to include in your retirement portfolio. Enjoy!

4 Signals That Say You Need Financial Advisor Services

Are you looking to make long-term financial plans but don't know where to start? This dilemma faces many people, especially when they want to plan for retirement. Professional financial advice comes in handy when making such plans. A financial advisor helps you create plans for long-term financial goals, including viable investments. If you don't have a good grip on financial matters, it is strongly advisable to use a financial advisor. However, some signals can tell you it is time to get one urgently:

You Are Uncertain About Retirement 

Are you worried that you are not on track to making good plans for a secure and comfortable retirement? It is highly advisable to seek financial consultation when making retirement plans, even if you have some knowledge of financial investments.

You need a financial advisor for a plan that sees your assets stabilize or keep growing after you retire. These plans guarantee that you maintain your quality of life even as your ability to earn diminishes.

You Keep Procrastinating Financial Planning 

Do you keep putting off financial investment decisions for later? This problem usually arises when you have analysis paralysis. You are caught up in too many investment scenarios and can't make good choices.

A financial advisor becomes very useful when analyzing different investments and their suitability to your long-term financial goals. They provide financial advice from an objective viewpoint to ensure you land the right decision.

You Hit the Top Tax Bracket 

Did you land a high-paying job that places you in the top tax bracket? As a high earner, you are at the risk of asset attrition from paying more taxes than you should. It could lower your retirement fund significantly.

Financial consultants help come up with tax-lowering strategies. You are not evading taxes but using legally allowed advantages to bring down your tax payable bill. 

You Have an Outstanding Tax Bill 

Do you have a notice for back taxes but can't figure out how it happened? Most people get into tax defaults out of ignorance. The tax code changes from time to time, which could unknowingly affect your tax bill. The IRS is also sometimes errant in its tax calculations.

A financial advisor is helpful when you have tax problems by pointing out where you could be making the wrong calculations. They can also help raise a tax dispute with the right tax response to shield you from IRS claims.  

Would you like to make more concrete long-term financial plans? Then, book an interview with a financial advisor to explore your investment plans.