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Financial Planning

5

min read

September 15th, 2020

Start The Year Fresh By Working With a Financial Advisor

If you're like most people, you probably have a lot of goals for the New Year. Maybe you want to save more money, get out of debt, or invest in your future. If this is the case, then you need to work with a financial advisor in Charleston, SC.

A financial advisor can make life easier and help you reach your goals faster. We've seen a lot of people searching "financial advisor near me". Most people don't know what questions to ask a financial advisor or how to choose the right one for them.

Let's talk about why you should start the year fresh by working with a financial advisor!

Help You Create a Budget & Stick To It

A financial advisor is a great resource to use when you’re trying to create and stick to a budget. They can help you with everything from laying out the initial budget plan to watching for areas where you may be overspending.

They can offer advice on areas where you could save more and strategies for reaching your budget goals. Reading through your documents and tracking expenses and income trends, they can advise on options to try, as well as techniques designed to help you stay within your allotted budgetary amount.

In addition to planning and strategizing, a financial advisor can provide account reviews so that you know exactly where your income and expenses are going. They may also be able to identify potential problem areas and suggest ways to improve them.

With their expert guidance, a financial advisor can help make sure the budget you’ve created is sustainable in the long run. And through periodic check-ins, they will make sure your spending habits are all according to plan while helping monitor any changes or trends in the market which might affect how far those funds end up stretching each month.

Save For Retirement & Other Long-Term Goals

Financial advisors can also help you make the most out of your retirement savings. They will be able to explain the different types of plans and options available and make recommendations for how to best use them in order to reach your goals.

They can also provide advice on other long-term investments, such as stocks, bonds, and mutual funds, in order to help you build a diversified portfolio. With the right financial advisor on your side, you’ll have the peace of mind that comes with knowing your future is secure and protected.

Tax Planning & Advice

Not only can a financial advisor help create a better budget for your current lifestyle, but they also provide tax planning advice. Most financial advisors are not licensed tax professionals. Therefore, they tend to focus on the tax planning side and ask questions such as "How can we maximize the qualified accounts available to us to minimize our tax liability in both the short and long run?".

Just make sure you go with a fee-only financial advisor. We'll talk more about that later.

Advisors Can Act as a Sounding Board, Providing Unbiased Advice and Support During Difficult Times

Sometimes life throws curveballs, and it can be difficult to get back on track. That’s why a financial advisor is a perfect person to turn to for support during those difficult times.

A financial advisor can act as an unbiased sounding board that provides guidance free from judgment. They will listen carefully to your goals, and evaluate the options available in order to help you formulate a plan of action.

By providing an outside perspective, they can help you figure out how to best adjust your financial goals and stay on track despite any unexpected upheaval. And arguably the best time to bring a financial advisor into your life is the new year when goals are at the top of everyone’s mind.

Help With Self-Control

A financial advisor can provide expert advice and guidance when it comes to exercising self-control when it comes to financial decisions. He or she can help you understand your budget, develop spending limits and exercise proper saving for the important goals in life.

Moreover, a financial advisor can give consistent motivation and encouragement to help you stay disciplined on your path to financial success. They can also monitor your finances regularly so that overspending and other bad habits don't get out of control. Self-control is often the root of financial success.

The Importance of Working With a Fee-Only Financial Planner

Compared to their commission-based counterparts, fee-only financial advisors provide greater transparency as they are paid solely for their advice and not from any kickbacks or commissions from sales. Twenty Fifty Capital is a fee-only financial advisor located in Charleston, SC  dedicated to helping individuals and families with their financial needs. A fee-only financial advisor can provide invaluable advice about future financial goals such as retirement, college savings, and insurance needs.

They can help devise a comprehensive plan and provide objective recommendations on utilizing resources, increasing income, and budget expenses. Additionally, they have expertise in avoiding common pitfalls like high fees or tax liabilities that may be avoided by using different types of investment accounts or strategies.

Final Thoughts

The new year is the perfect time to start on the path toward financial success. With the help of a financial advisor, you can be sure your finances are in good hands and your long-term goals are being met.

From budgeting advice to tax planning and retirement savings, a financial advisor can provide the support and guidance needed to make sure you’re on the right track. It is never too late to start!

Before searching "financial advisor near me" make sure to consider those in Charleston, SC, even if you're a little farther away. After all, most things can be done online these days. Twenty Fifty Capital works with families across the United States and is ready to assist with any financial inquiries you may have.

Start the year fresh by connecting with Twenty Fifty Capital today!

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