Are you considering hiring a financial advisor? It’s no surprise, considering how challenging it can be to manage one’s own finances. When you’re a successful and busy person, there are probably more productive things you can spend your time doing as opposed to dealing with saving, investing, and overall financial management. A financial planner in Chatswood can help you get organised, stay organised, and handle all of your financial planning and investment management strategies.
Having some sort of financial plan allows for easier financial decision making and continued goal-meeting. It allows you to have some semblance of peace of mind in regards to your financial future.
Are you ready for a financial planner? These are the top indicators that you may need one in order to organise your finances and set yourself up for continued support in the future.
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You earn significant money in the top income tax bracket
Typically, people who earn more money are able to use savings strategies to their advantage that generally results in a lower amount of taxes during (or even before) retirement. However, without a knowledgeable financial planner, there’s a high likelihood that they will continue to pay more taxes than they should.
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You and your spouse are on different pages
If financial tension is making its presence in your home, chances are you need a financial planner. A financial planner can act almost as a couples counsellor in charge of finances. A third party who is unbiased can do a world of wonders in helping the two of you see eye to eye.
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Retirement makes you uneasy
If you’re not entirely sure whether or not you are on the right path for a comfortable retirement, a financial planner can be the key to helping you determine the next moves. Such a long-term goal requires long-term planning, and a lot of preparation to boot. With a financial advisor, you can set an achievable target goal and work from there.
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You’re unsure as to why you owe back taxes
Have you received that dreaded letter in the mail declaring that you owe a not-so-insignificant amount of back taxes and you’re unsure as to why? A financial planner can help you rectify this situation, as well as work with you to meet your deadline and figure out the reason.
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You have analysis paralysis
Yes, it’s a real thing. For the most part, it refers to the knowledge that you need to do something but keep putting it off, for one reason or another. It’s a common problem that happens when time comes to take action – make an investment decision, reconfigure your student loans, or set up something like life insurance. Generally speaking, the inaction leads to either paying more than you need to, or not earning as much as you could, depending on the situation.
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You don’t have the drive to do it yourself
If the mere thought of financial planning triggers a yawn or a sigh, chances are you are not the type of person who enjoys this stuff. Or maybe you do find some interest in it, but simply don’t have the time. The fact of the matter is that financial planning is a necessary (albeit sometimes tedious) thing that we all must do. Hiring a financial planner or advisor will do wonders for your peace of mind, your financial freedom, and your future.