For Mark Roberts’ Use: The do-it-yourself mentality is popular, and for good reason. Often we can save a bit of money, and learn a fun new skill by taking on complicated projects ourselves. But the DIY perspective might not be a good idea to utilize with regard to long-term financial planning. Some things in life still require experienced help, and this is one of those things. Why?
You don’t know what you don’t know. Most of us are adept at handling day-to-day financial matters, but planning for retirement and personal goals is a different story. If you miss an opportunity because you didn’t know about it, that could be a costly mistake.
You lack the time. We all have good intentions, but tend to put things off until tomorrow. Setting an appointment with a financial professional gets the ball rolling, and creates a commitment that you won’t ignore.
It’s not efficient. You probably have time to Google up instructions on how to change the oil in your car. After watching a five-minute YouTube video, you can successfully perform that chore in most cases. But because financial expertise takes years to accrue, it’s difficult to gather that much information in a short period of time before making critical decisions.
It’s hard to be objective about your own situation. It can be difficult to analyze your own situation from the inside. An experienced professional might see things that you’re missing, and will be honest with you about it.
Keeping up with changes feels like a full-time job. The economy and various laws are constantly changing. Part of a financial professional’s job is to monitor these changes and recommend adjustments to your plan in response. We do that job so you don’t have to.
It’s hard to see the big picture. It’s normal to get so hung up on smaller details that we miss the big picture of our finances. A professional is skilled at putting things into context so that you can see them more clearly.
No matter what stage of life you’re in, a financial professional can help you maximize your opportunities and growth. Give us a call, and we’ll review your plans and help you identify things you might have missed.