Know the Right Time to Hire a Financial Planner


Making long-term decisions about money can be challenging and is a little scary. Many people hesitate to turn to a financial planner thinking that the cost is often prohibitive. But, there comes a time, when paying for financial advice becomes a substantial investment in your future. So, how do you know when is the right time to hire a financial planner in Maroubra? Here we have listed a few situations that make sense to hire a financial planner.

Nearing or In Retirement

Before digging deep, here are three financial questions that retirees and near-retirees have to ask themselves.

- Am I financially ready to retire?
- When and how should I file for Social Security?
- Is there any simple strategy for withdrawing from my retirement accounts to meet my financial needs?

These questions can have a great impact on your lifestyle and are difficult to answer. Without an effective financial strategy and professional help, it can be difficult to understand or implement. At this stage of life, most people can benefit at least from a one-time consultation.
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Starting a Family

Tying the knot to step into the family life and planning to have kids introduce a lot of financial challenges. These challenges include,

- Joining finances
- Managing new costs of having children
- Life insurance
- Estate planning
- College savings and other financial responsibilities.

Hiring an accountant in Maroubra helps you navigate and prioritize all of these responsibilities so that you can create a secure and enjoyable life for your family.

High Earner

Maybe, you are a high earner and can save a lot of money. But, you do not know the right way to prioritize things and take advantage of the various tax breaks available to you. A tax accountant in Maroubra can help you make decisions and recommendations on tax-saving strategies and takes over some financial management responsibilities. In this way, you can focus your time and energy on making money and enjoy your life.

You Are Self-Employed

Self-employed people have access to different sets of retirement accounts, more variable income, employees to take care of, and questions about ownership and business structure. A true financial expert can help you make sure you’re getting the most out of your business and keep more of the money for future investments.

High Net Worth

If you are an individual with a high net worth, you will also have a unique set of financial issues. For such individuals, hiring a financial planner means coordinating large balances, framing advanced estate and tax planning strategies, and more.

The Right Time to Hire a Financial Advisor

Do you find yourself in a unique situation like this? Then, hire the right financial planner with specialized knowledge to help you make the right financial decisions


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