Myths about Financial Planners

Posted on: April 20th, 2010 by

Financial Planner - Rockville, MDSome people have the time, ability, and the drive to manage all their finances, whereas others don’t.  If you’re anything like me, you fall into the latter category.  Either way though, financial advisers can provide great insight and often not at exorbitant costs.   There are many myths out there that prevent too many people from seeking the assistance of financial planners though.  One of the biggest misconceptions is that they will only give you advice on investing.  Picking the right investments is certainly an important aspect of your personal finances, but its not the only part.  Financial planning takes into account all the varied aspects of a person’s life, including taxes, insurance, retirement, budgeting, etc.  With the aid of a financial planner who considers your individual situation, you’ll be able to minimize the amount of taxes you pay and have a strong bottom line in the end.

Some people truly believe that only wealthy people need a financial planner.  Financial planning is about helping people of all income levels achieve short-term and long-term financial goals.  If you are confident enough to make all of these decisions on your own and keep up to date with all the laws relating to investment income and taxation, then more power to you.  But if you have a busy life and need the assistance of a financial adviser, make sure you do your homework before choosing one.  You should verify certifications and look into their background to make sure you are getting a reliable adviser.



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