Do You Need a Financial Planner – Top Three Reasons to Visit One

You’ve probably heard of a financial planner before, and probably even have friends or family members that swear by their planner, but maybe you aren’t convinced you need one. Maybe you don’t have a robust financial portfolio filled with different assets and investments, so the idea of a financial planner seems unnecessary. Here’s the thing, while a financial planner can certainly help where your investments are concerned, they offer a lot of other useful services as well.

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So, let’s go ahead and take a look at the top three reasons people typically visit a financial planner.

Planning for Retirement

Retirement is typically the number one reason that people book an appointment with a financial planner. Whether you do so while you are young and just starting out in your career, or you are further along and are now starting to actively think about and plan for your retirement. A financial planner can take a look at your current portfolio, discuss your plans where retirement is concerned (when you want to retire), figure out how much money you’ll need to retire comfortably, and then create a savings and investment plan that you can use to make your goal a reality.

Berger Financial Group, a financial planner in Minneapolis, offers a variety of retirement planning services just like the ones mentioned. A financial planner approaches each client differently and doesn’t offer a one-size-fits-all solution. You’ll get customized advice and solutions that work for you.

Questions Regarding Home Ownership and Mortgages

Another way a financial planner can help you is with questions regarding homeownership and your mortgage. You may be confused about the type of mortgage you have, the amortization, if you should pay it off early, or if refinancing may be a good option for you. Mortgages can be pretty confusing, especially if you are a first-time home buyer, so understanding all the ins and outs can end up saving you a lot of money in the long-run.

This information can then help you figure out if you need to downsize come retirement, or if it will be wise to stay in your current home.

Saving for a Big Expense

Then there are the simple expenses that people want to save for such as a new car, a vacation home, maybe a boat, home renovations, university or college expenses for kids, or even a dream vacation. Coming up with a substantial amount of money can seem overwhelming, so that is when a financial planner can step in and help you come up with a plan that will allow you to achieve your goal.

Achieve Your Goals with a Little Professional Help

Each of these life events can prove to be rather overwhelming and costly, so not having the proper advice and help may prove to be detrimental. By using the services of a financial planner, all your questions will be answered, and your odds of achieving your financial goals will be that much stronger since they can be a realistic plan in place for you.

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