Key Takeaways

  • Unless you’re an expert in investments, taxes, retirement planning, college planning and estate planning, it’s easy to miss something when doing it all yourself
  • A financial planner can help you create freedom from worry and the power of choice in your life
  • Working with a financial planner can give you the confidence to handle unexpected moments in life
  • A financial planner can do more than just create a personalized investment plan - they can also provide advice for everything in your life that money touches

Most of us have questions about the parts of life that involve money. Maybe you’re thinking about your next career move, buying your dream home, starting (or raising) a family or opening a business. And what about all of the decisions that come with retirement? You want to make smart decisions with your money, and maybe you’re wondering if professional financial advice makes sense.

It can often feel like the safest answer is to handle your finances on your own. Many people choose to DIY their finances because they’re nervous about sharing their financial information, embarrassed about their current situation, or worry they won’t have direct control over all of the decisions made with their money. But as with many things in life, it’s easier to get the results you want when you work with a qualified and trustworthy professional. Let’s break down the many ways a financial planner, specifically a CFP® Professional like those at Facet Wealth, can help.

If You’re Just Getting Started...

You want a healthy relationship with your money - Your beliefs, values, and attitudes about money were developed throughout your life, and they all affect the story you tell yourself about money. Your mindset matters when it comes to improving your financial health. A financial planner can help you better understand the decisions you make, create a plan that aligns with your beliefs and values, and help you gain clarity on how money can help you live well.

You want help seeing the bigger picture - Sometimes it’s difficult to know where to start. There are many financial topics to cover (taxes, banking, insurance, investments, and on and on) and many milestones to navigate in life (marriage, kids, family, retirement); not to mention work (new job, promotions, raises, benefits). A financial planner can help you get organized, see the bigger picture, and set meaningful goals, which allows you to chart your future with confidence.

You want to build a strong foundation - It’s never too early to start investing in your future. A strong foundation – solid emergency fund, plan for debt, proper insurance, short-term savings, a will, and others – is critical to your peace of mind. It can free you from worry and protect you from the unexpected so that you can plan for the upcoming milestones, big and small.

If You’re Navigating New Life Milestones

You want your plan to adapt as life changes - You’re getting married, starting or raising a family, saving for an education and retirement, a loved one gets sick or passes away. You will have big decisions to make and you want to make the right ones. And there will always be tradeoffs – saving for college, investing for retirement, or buying the dream home. Or can you do it all? A planner can help you think through the tradeoffs and make the right choices.

You want guidance as you advance in your career - A new job, a promotion, a raise, or even a new career. All of these professional events involve more than just your job. How do these changes impact your taxes, your benefit elections, retirement plan options, your take home pay? Seeing the bigger picture, understanding how your career will affect your finances and your life, and knowing how to make the best decisions are important today and can lead to better outcomes tomorrow.

You want expert advice on the decisions you make with money - From cash flow, minimizing taxes, and an emergency fund to more complex strategies with investments and protecting your family and your wealth with insurance and proper estate planning, coordinating your entire plan can be challenging. There are a lot of moving pieces and they all impact your bigger picture. A planner can help coordinate all facets and develop a more integrated plan.

You want help planning for the unexpected - Recessions, market declines, legislative changes (e.g. tax increases), inflation, the list goes on and on. You will have a lot of decisions to make and a financial planner can help you insulate your money from the impact these events can have. And when life happens, an expert that knows you and that you trust is only a text, phone call, or laptop screen away.

If You Want A Plan That Supports You Today And Tomorrow...

We purposefully didn’t mention investments until now because a well crafted and personalized financial plan is your foundation. Your investments then support that plan. Whether it’s your 401(k), your company stock, your IRA and Roth IRA, or something else, a financial planner can help you create a tailored investment strategy that’s aligned with your plan and your life and help you evolve that strategy through good times and bad.

Financial planning, as it should be, isn’t a series of one-off decisions. It’s a dynamically evolving strategy that helps you make smart decisions in the moment with an eye towards the future. With proactive planning, frequent check-ups and course corrections along the way as the expected and unexpected occur, a planner can act as an expert guide to help you navigate life, and your decisions with money, with confidence.

If you would like to learn more about how a financial planner can help you, schedule a free, no obligation call with a CFP® Professional at Facet Wealth to see how a financial plan crafted by an expert can put you on a path to shaping your future with confidence.