How Do You Use A Financial Advisor?
In these times of financial insecurity, sometimes it pays to follow the adage: “two heads are better than one.” Even if you are used to handling your own investments, budgeting and retirement planning, it seems we are facing a whole new era of economic times that may not follow the rules we’ve been modeling our economics on for the past century. Here are some thoughts on how to use a financial advisor to help you handle your money. The need for basic financial planning is as important as ever. But the approach may take some creative thinking. You always want to keep at least 3 months worth of liquidity in reserve for emergencies. You also will want to have sufficient assets for the short term like a vacation as well as building assets for the long term like retirement. A good financial advisor will help you distribute your savings wisely. Do you have the right insurance for your home, health, lifestyle and/or family? Do you have a pension? Is it as flexible as it should be? It’s good t
