Thankful for Financial Guidance: The Value of Working with a Financial Advisor

Navigating the complexities of financial planning and preparing for retirement can be daunting, but you don’t have to do it alone. A financial advisor can be your guide, helping you clarify your goals, craft a personalized strategy, and make informed decisions to possibly help secure your financial future.  

A customized long-term plan:   

What can a financial advisor do for you? A financial advisor starts with building a plan and asking you questions to help understand where you are and where you want to go. Questions they may ask include:  

1. Are you happy with your investment decisions?  
2. How do you feel about taking risks?  
3. What are your investment goals?  

At 210 Financial we stress having a plan that aligns with your goals, and we want to help you achieve those goals.  

Learn More: ‘Your Retirement Blueprint Podcast’  

Retirement planning:

Planning for retirement is a huge aspect of your financial future. The biggest monetary detail in retirement is having enough to last throughout retirement. Longevity and inflation are two driving factors that can impact your retirement savings.  

Having a financial advisor’s guidance may help you: 

• Identify retirement accounts best suited for you. 

• Guide you to meet savings goals and income planning for retirement. 

• Help you plan to protect your loved ones. 

• Help you plan to achieve your goals and dreams! 

Learn More: 10 Common Retirement Planning Tips 

They can help identify opportunities to help protect and grow your assets:

Financial advisors like the ones at 210 Financial may help you understand different accounts and tailor a plan to your needs. They may find opportunities that help protect and grow your assets. Here are some the problems 210 Financial is passionate about: 

• Annuities: A financial advisor may help see if adding an annuity could benefit your retirement to possibly help ensure a portion of your retirement income.    

• Retirement income strategies: An advisor may help you decide on different products that assist your overall financial goals and strategy.   

• IRA/401(k) Rollovers: Financial advisors may help you determine if a rollover of an old IRA or 401(k) is needed. 

• Life Insurance: They can possibly help you determine a life insurance product that is right for you and could help elevate your protection even while you’re still living.  

• Tax-Efficient Strategies: Rasing taxes can eat at your retirement income having a financial advisor may help direct you to take steps to protect your assets.  

• Long-Term Care Strategies: Did you know that most retirees will require long-term care at some point so let’s start determining a strategy that fits your situation now.  

• IRA Legacy Planning: If you don’t anticipate needing your IRA money in retirement, you may wish to consider a legacy planning strategy.  

• Medicare: A financial advisor such as the ones at 210 Financial may help you better grasp your Medicare options and enroll you in a plan that makes sense.   

Each of these accounts may not work for your situation but that’s why it’s important to discuss your options with a financial planner. They can possibly help you decipher what will work best for your future goals. 

Learn More: How Stocks and Bonds Can Brighten Your Finances 

Prepare for the unexpected:  

A financial advisor cannot predict the future, but they may help you prepare for it.  Some unexpected things 210 Financial advisors assist with includes:  

• Market volatility  

• Job loss or career changes that negatively impact your income  

• Home or property damage 

• Major injury or illness 

Life throws lots of surprises, and adapting your strategies to stay on track is what a financial advisor may help you with. 

Help with tax planning: 

Do you have a tax plan in place? Are you seeking ways to be more strategic with your taxes? A financial advisor may help guide you in identifying the proper accounts and developing a tax-efficient strategy tailored to your goals. By planning, you can navigate taxes more effectively and keep more of what you’ve earned. Let a financial advisor help you create a personalized tax plan that aligns with your financial objectives. 

Learn More: Planning for Retirement Taxes & Income – Episode 19 

Estate or legacy planning: 

What do you want to leave behind? And to who? Or are you charitable-minded? A financial advisor can help you plan your donations and secure your legacy. A plan can ease the burden on your loved ones and ensure it goes where you want. 

Health care expenses:  

Healthcare in retirement is an often-overlooked expense, yet it is one of the largest, with the average couple spending around $12,000 on healthcare in their first year, according to Fidelity. Are you prepared to take on those expenses? Do you have a plan for these expenses? Do you have an income prepared to cover these expenses and possibly more? Having an advisor navigate these questions and more can help you plan for these healthcare costs in retirement.   

Learn More: Navigating Healthcare Costs in Retirement   

Build a long-term, trusted relationships:

The most essential aspect of having a financial advisor is knowing that they are on your side and they desire to help you reach your goals. At 210 Financial, we prioritize doing life together, which is one of our core values. We enjoy getting to know our clients and truly living life with them. We are fully dedicated to you.  

Learn More: How to Choose a Financial Advisor  

Conclusion:

Having a financial advisor is important, and their guidance may potentially lead to a more secure and grateful financial future. Reach out to an experienced 210 Financial advisor today and seek to take the next step toward securing your financial future. By investing in professional advice, you’re not just managing your finances—you may also be investing in your peace of mind and a brighter tomorrow. 

 

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Past performance is not indicative of future results. The material above has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed, and 210 Wealth Management, Inc., d/b/a 210 Financial makes no representation or warranty as to the accuracy or completeness of the information, which should not be used as the basis of any investment decision. Information contained on third party websites that 210 Financial may link to are not reviewed in their entirety for accuracy and 210 Financial assumes no liability for the information contained on these websites. Opinions expressed in this commentary reflect subjective judgments of the author based on conditions at the time of writing and are subject to change without notice. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission from 210 Financial. For more information about 210 Wealth Management, Inc., d/b/a 210 Financial, including our Form ADV brochures, please visit https://adviserinfo.sec.gov or contact us at (309)263-1333.