Once you recognize the need for a financial strategist, it’s the perfect time to reach out for expert assistance. But when exactly should you consider hiring a financial strategist?
When You Have Excess Funds
While experts recommend starting financial planning early in your career, it may not be necessary to engage a financial expert at that stage, especially if your income is low and your investments are minimal. However, as your career progresses and you begin to accumulate excess funds, you may find it challenging to manage them effectively, particularly regarding tax savings. This is an ideal time to consult with a professional in California.
A Few Years Before Retirement
As you approach retirement, it’s crucial to make informed decisions. At least five years before your retirement, consider consulting an expert who can help channel your savings into the right investment platforms, ensuring you gain good returns for your future needs.
On or After Retirement
If you haven’t yet planned your finances, it’s essential to do so once you retire from your regular job. Managing a lump sum of money received upon retirement can be daunting. To avoid making hasty decisions, seeking help from professionals is always a wise choice.