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6 Great Reasons to Talk to a Financial Planning Professional

by | Feb 1, 2023 | Member Spotlights | 0 comments

The smartest thing to do if you have a terrible pain or even an incredible talent, is never to just ‘figure it out yourself’.

In these cases—good and bad—most know it’s time to work with a professional to either remedy your situation or hone your special gift into the best version of itself.

This same truth translates to your finances. Today our financial planning professional, Matt Bowden of RFC Financial Planners, presented six points in your life where a Certified Financial Planner may just be the best person to call:

1. Major life events

Graduation, marriage, having kids, buying a house, and retirement all represent times where most people’s lives significantly change. It may be helpful to bring a professional in here to help you with that next step.

2. Major increases in household income

How can you avoid lifestyle creep and invest to get the most out of your extra funds?

3. Receiving an inheritance or windfall

While great, windfalls often present two major issues worth getting expert help on:

  1. Taxes
  2. Potential opportunity cost from not allocating funds in a way that maximizes your goals and opportunities.

4. Divorce

Divorce is an unfortunate reality for approximately half of those who tie the knot, at some point in their lives. A good planner can help those who never had managed their household finances get a handle on their goals in a way that helps get them back on their feet.

5. You find yourself too busy

For many it’s wise to focus on their own areas of expertise, where they can most efficiently earn more for their Certified Financial Planner to help them maximize and protect.

6. You’re looking to repurpose your life

Sometimes you decide to make your own hard right turn—starting or selling a business, moving across the country, pursuing a new career. In these instances, a CFP can give you financial insights on your decision that may not be blatantly apparent.

If any of these above events ring familiar to you, connect with Matt to Organize, Simplify, Plan your financial life. For more great weekly presentations and to connect with similar local professionals, visit one of our weekly meetings and consider becoming a member today!

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