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How working with a financial professional can help

Today鈥檚 financial landscape isn鈥檛 the same as the one your parents or grandparents faced,¹ with unique challenges and opportunities to consider. As you plan for retirement, getting guidance from a financial professional can make a big difference. And there are many reasons to give it a try.

A changing financial world brings new opportunities for saving, investing, and planning for milestones like retirement. With so many options available, having trusted guidance can help you confidently navigate the complexities² and find a path to a secure future. You may also have questions about the many digital tools or the advice available across social media.

Expert guidance can help you sort through competing financial priorities and possibilities

As part of the Gen X or millennial generations, you may also be a member of the 鈥�sandwich generation,鈥� navigating the dual responsibilities of caring for aging parents while managing the significant costs of raising children. Adding to that is the need to balance typical living costs like healthcare expenses, housing costs and lingering student debt.

Juggling all these demands while also having clear direction for your financial future is often easier with the guidance of a financial professional. By working with a trusted professional, you can navigate priorities, refine your savings goals, and feel more confident in your retirement plan.

There are even more benefits to working with a financial professional

Everyone has different lifestyles, backgrounds, and retirement goals. A customized approach to retirement planning is important 鈥� especially as you get closer to retirement and your time to save shortens.

• A financial professional can offer a personalized approach: They can help you navigate life changes that may impact your finances, based on your income, goals and risk tolerance. These milestones could be career changes, divorce, inheritance or preparing for your retirement travel dreams.
• You can receive professional coaching: Finances aren鈥檛 a straight line. Having a financial professional in your corner can help you pivot to new strategies as you adjust to life changes. If the thought of working on your finances with a professional is daunting or hard to imagine, here are a few things to keep in mind:
  • It鈥檚 okay to be emotional and direct with your questions. The more direct, the better.
  • You can ask for meetings based on your needs and your schedule. You decide.
  • You can ask for help in organizing your accounts or for tools and resources like planning calculators to learn more about the process. A financial professional is there to provide the specific type of help you鈥檙e looking for.
• A holistic approach can provide a fuller financial picture: Financial planning goes beyond portfolio management. A professional can help you see the big picture and plan five, 10 or even 20 years in the future. They鈥檒l work closely with you to help you make the most informed decisions, no matter when you want to retire.
• Stay informed on the markets and navigate volatility: A financial professional can help avoid emotional financial decisions and focus on your progress. This is especially important now, during your highest earning potential years. In fact, women have been voicing the positive impacts³ they see by having a financial professional in their corner as they build wealth. 

Reap the benefits of a partnership that prioritizes your goals and your future

When you find a financial professional you鈥檙e comfortable with, you can choose to meet in person or virtually. You鈥檒l be able to. That includes questions about their approach to planning and how they structure their fees. Understanding how the financial professional is paid can help ensure their services align with your needs. It may take some time, but you will find the right place for you. 

Ready to get started? Read our 5 tips for finding a financial professional that is the right fit for you. 

Want the most from your retirement? Get smarter with Smart Strategies from 麻豆传媒. Your source for tips, tools and financial solutions that can help you live your best life.

1 on the ups and downs of debt, and expenses that hinders savings for younger generations vs previous retirees. 
2 on how to navigate conditions that impact savings. 
3 on female investors and the impact of growing their wealth.