MONEY HACKS: When Is the Right Time to Work with a Financial Professional?

When it comes to your finances, timing is everything. Whether you're saving for retirement, managing a windfall, or navigating life's financial complexities, knowing when to seek help can make all the difference.

In the video below, we cover key life moments and scenarios that might signal it’s time to engage a financial advisor, coach, or planner. From managing a 401(k) or IRA to preparing for retirement or handling a financial windfall, we discuss how the right guidance can empower you to make informed, confident decisions.

You’ll also gain insights into:

• The benefits of professional financial advice for achieving your long-term goals.
• How to prepare for life’s major financial transactions.
• Key factors to consider when choosing the right advisor or planner.
  

We believe everyone deserves access to independent, objective financial advice tailored to their personal situation. That’s why our team specializes in creating high-quality retirement plans and delivering financial wellness coaching to help individuals, companies, and organizations achieve financial clarity. So, when is the right time to bring in a financial professional?

Additional Resources:

• What Do Financial Designations Actually Mean?
• How Can I Evaluate a Financial Advisor?

Have any money questions you’d like answered? Our Money Hacks series is built on conversations we have with employees, investors, savers, and anyone planning for their financial future. What topics are on your mind for our next episode?

Video Transcript:

Today we're talking about when it’s the right time to engage a financial professional, a financial advisor, or a financial planner.

We believe everyone should have access to independent and objective advice regarding their personal financial picture. That’s why we specialize in creating high-quality retirement plans and working with companies and organizations to deliver financial wellness coaching and advice services.

Hopefully, your organization provides access to an independent financial advisor or coach, like members of our team, to help you make the best decisions about saving in your retirement plan and addressing other areas of personal finance. Our goal is to guide you toward achieving your financial goals and priorities today, tomorrow, and even decades down the road.

If you’re wondering whether to hire your own financial planner or advisor, certain life events or scenarios might indicate it’s time. For example:

• If you need professional advice on managing financial assets such as a 401(k), IRA, or brokerage accounts to achieve specific goals, it’s worth considering hiring a financial advisor.
• As you approach retirement, having a trusted partner to help navigate the transition ensures the money you’ve worked hard to save lasts throughout your retirement. Ideally, engage a professional a few years before retirement to develop a solid game plan and explore different options.
• Significant life events like receiving a financial windfall or inheritance also call for professional guidance. Before making major decisions with extra money—whether paying off debt, investing, or other financial goals—it’s wise to consult someone who has your best interests at heart.

These are just a few examples. There are many other reasons you might choose to work with a financial advisor. For help deciding, visit our website for resources about key questions to ask, qualifications to look for (such as Certified Financial Planner designations), and more.

If you have thoughts or experiences about engaging a financial professional, we’d love to hear from you. Share your feedback and join the conversation. Thanks, and see you next time!