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5 Reasons You Need a Financial Services Planner Before 40

by Connor MacNeil / March 25, 2020
Worcester Financial Services

Even if you're savvy about financial services, you may think that enlisting the help of a financial planner is something only wealthy or middle-aged people do. But even young people living anywhere from Worcester to rural southern cities can benefit from getting their finances in order early on. Below are five reasons to consider when making a decision to hire a planner. 

 

It's About Finding Someone to Help You Get On Track With Your Financial Services

Even if you don't have serious assets

You may think that the use of a financial planner is only for those who have serious money and need services like estate planning or investing advice. But that's not necessarily the entire point of financial planning. Instead, a financial planner can help create a long-term set of goals and priorities that can include getting out of debt or buying a home. Those are things you can work on even if you aren't raking in the dough.

An Ounce of Prevention

is Better Than Trying to Fix a Mess

Getting a handle on your financial services accounts early may save you a lot of stress down the line. It's generally easier and cheaper to steadily chip away at problem areas, like stubborn credit card debt, or the Worcester energy company, then it is to deal with it after you've defaulted or racked up tons of penalties.

Retirement Planning Starts Early 

Like, now!

The future, retirement in particular, can feel like it's a long way off. But it's not. A financial planner can help you figure out how and how much you should be saving every step of the way.

Don't Forget the Small Stuff: Planning for a Life

It's not just about big-ticket items

Planning your financial future isn't just about retirement or passing on money to the next generation. There are plenty of things, like taxes, college, homes, and dream vacations that will need to be figured out over the course of time. A good financial planner can help you sort through even the things that you think are too small to get help with.

Financial Services Is About Relationships

Not just transactions

You may have noticed that none of these are one-off tips. That's because, as with most financial topics, creating and sticking to a financial plan is long-term. One of the best reasons to start working with a financial planner now is so you can grow together. An individual who has known you and your family for years may help you make better decisions about how to prioritize your money better than one who is meeting you for the first time later in life.

Enlisting the help of a financial planner can seem almost decadent, especially for millennials who are just getting on their feet. But learning about all of your financial services options as early as possible may be a critical step toward ensuring your financial future is secure.

Tags: Financial Planning

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