Personal circumstances change. And as a result, you might be facing several financial questions and decisions.
Even if they aren’t the first resource to come to mind, here are some life events that a financial advisor* can help see you through, depending on their expertise and credentials.
Whether you’re starting newlywed life or transitioning through a divorce, you’re embarking on a complex path with financial factors that need be addressed.
A financial advisor can help you make informed decisions regarding individual or joint bank accounts, investment accounts and merging or dividing assets.
With your bank account growing, you may find yourself wondering the best way to save and allocate your money.
A financial advisor can help you answer:
Inheriting money can be a life changing event with many decisions to make. You may also want to consider how you can carry on the legacy and values of the deceased or make sure the new funds enrich your life instead of burdening it.
A financial advisor can help you prioritize making decisions, such as:
Before you make an offer, it’s important to assess the risks and long-term financial commitment that comes with owning real estate.
A financial advisor can walk you through budgeting and how to balance this with your other financial goals.
The closer you get to retirement, the more questions you may have, chief among them:
Working with a financial advisor can help you determine:
A financial advisor can help you plan for any long-term goals you might have: paying for your child’s education, incorporating more travel into your life or planning your legacy.
They can be there every step of the way as your goals or financial situation may change overtime.
Knowing how to prioritize your financial goals begins with identifying them. Read more in How to balance money.