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Writer's pictureJayson M. Thornton, CFP

The Top 5 Reasons You Should Work with a CERTIFIED FINANCIAL PLANNER®




Whether young or not so young, we all have dreams of what we would do if we had no financial concerns. But, did you know that only 8% of us achieve our financial goals?


When we ask people from various backgrounds what a financial plan entails, we often hear a range of answers: A plan for managing bills within a budget, a method for growing wealth and reducing debt, a means to safeguard loved ones, or a roadmap to achieve their financial goals.


A comprehensive financial plan encompasses all these elements and more. There are many approaches you could take in creating a financial plan, including going solo or consulting with a friend; however, hiring a professional who can leverage their expertise and experience is the best way to develop a solid financial strategy best suited to your needs. As a CFP® professional who has worked with thousands of families over the past 20 years, here are the top five reasons to work with a certified financial planner.


  1. A Certified Financial Planner begins with an end in mind - your dream. A professional already knows the path you need to travel to reach your financial goals and will help you get there faster and smarter. Whether you're just starting out or nearing retirement, they have experience working with clients like you and the tools to address your specific needs and situation.


  2. A Financial Planner will hold you accountable. Studies show that people need a knowledgeable support system to achieve their financial goals. Remember, when you learned to play an instrument or learned a new skill? You hired a professional. Similarly, a financial planner will build an actionable financial plan for your money and regularly meet with you to check on your progress.


  3. A Financial Planner will break down your big goals. A planner works with you to break your big, audacious financial goals into digestible pieces, timelines and smaller goals so you can increase the probability of achieving them. For example, if early retirement is your goal, it will be best to identify when you want to retire, how much money you will need and where you want to be. Visualizing your goals and adding the best financial planning strategies will accelerate your progress.


  4. A Financial Planner will save you money. Your certified financial planner will advise efficient products for different types of accounts and match them to your purpose — for instance, retirement and education. There is a difference between putting money in the correct account to minimize taxes and maximize protection and growing your money in efficient taxable products. As part of their certification, a CFP® professional is required to act in your best interest.


  5. A Certified Financial Planner can help you evaluate hard, emotional decisions. A neutral party can provide emotional clarity when dealing with saving, investing, spending and lending. When extra financial planning is required for life changes like expanding your family, arranging for aging parent care, dealing with the loss of a spouse or changing professions, a financial planner will be by your side.


Are you ready to join the 8% of people who make their financial plans come true?Consider hiring a financial planner to guide you, protect you and put your interests first.


(By Elaine King Fuentes, CFP®)

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