Many people want to know when it’s time to consider using a financial advisor. The truth is, we work with clients across every stage of life and can help with everything from beginning to save to planning for legacy goals near the end of life. Listed below are some questions you might ask yourself, or hear others ask, that would indicate that it’s time to get in touch with a financial advisor.
“Why are managing my finances cutting into my personal life?”
You don’t have the time to dedicate to navigate a continuously changing investment, tax, and legal landscape. You would rather dedicate your free time to the things that are most important to you. An advisor can help by acting as an outsourced solution to allow you to focus on what really matters to you!
Clients who ask this question typically use D3 for our Affordable Family Office, Accelerator Program, or Advanced Portfolio Management services.
“When can I retire?”
The uncertainty regarding how much to save, how to invest, and when to stop working can cause a lot of undue stress. An advisor can help by providing a savings goal, investment recommendations, and a roadmap to help you understand when you can claim financial independence.
Clients who ask this question typically use D3 for our Goal Planning Service or Broad Based Financial Plan.
“Now that I’m retired, how can I replace my paycheck?”
Not having a paycheck can be an emotional burden to overcome. An advisor can help replace your paycheck by developing a tax-efficient account distribution strategy, taking into consideration any other sources of fixed income you have in retirement. This can help ensure you are still receiving a monthly paycheck once your employment income has gone away.
Clients who ask this question typically use D3 for our Affordable Family Office, Broad Based Financial Plan, or Second Opinion Service.
“How can I settle the estate of a loved one? What should I do with the inheritance?”
Settling the estate of a loved one can be an arduous, confusing process. Using an advisor can help simplify the process by developing a specific action steps to settle estates in an efficient manner. An advisor can also help decide how to invest the proceeds once the dust settles.
Clients who ask this question typically use D3 for our Estate Settlement Planning service.
“How can I extract wealth out of my business?”
Business owners typically have the majority of their net worth tied up in their business. An advisor can help by creating strategies to extract wealth while you own the business and prepare for an exit event in a tax-efficient manner.
Clients who ask this question typically use D3 for our Affordable Family Office or Accelerator Program.
“How do I know my goals & legacy will remain intact after I pass?”
It’s important to decide how your legacy will be handled when you pass and not the state. Working with an advisor can give you the confidence that you have a sound estate plan that reflects your goals and avoids any unnecessary taxes or expenses.
Clients who ask this question typically use D3 for our Affordable Family Office, Accelerator Program, Broad Based Plan, or Second Opinion Service.
“I’m starting my career; am I making smart financial decisions?”
When you’re starting a career, it’s important that your hard-earned money starts working for you as soon as possible. An advisor can help you establish a budget, understand employee benefits, and balance wealth accumulation with debt repayment.
Clients who ask this question typically use D3 for our Second Opinion Service
“How will having a child affect our finances?”
Having a child will have a large impact on your expenses as well as call for a reevaluation of your estate plan and life insurance. You will also have to consider education funding strategies. An advisor can help you evaluate these needs, as well as determine the impact to your other financial goals.
Clients who ask this question typically use D3 for our Second Opinion Service or Accelerator Program