November 8, 2019 • 4 mins
Today, your hopes and dreams are no different than in the past. Like most people, you probably want to buy a home, put your children through college, and retire with a comfortable income. But the world has become a more complex place than it was ten or twenty years ago, especially when it comes to your finances. You may already be working with financial professionals – such as an accountant who advises you in a specific area. But if you would like a comprehensive financial plan to help you secure your future, you may benefit from the expertise of a financial advisor.
Even if you feel competent enough to develop a plan of your own, a financial advisor can act as a sounding board for your ideas and help you focus on your goals, using his or her broad knowledge of areas such as estate planning and investments. A financial advisor may help you:
A qualified financial advisor generally looks at your finances as an interrelated whole, and can help you with many of your financial needs.”
Maybe you have reservations about consulting a financial advisor because you’re uncertain about what to expect. Here are some common misconceptions, and the truth behind them:
In many cases, a specific life event or a perceived need may prompt you to seek professional financial planning guidance. Such events or needs might include:
In these situations, a financial professional can help you make objective, rather than emotional, decisions. However, you don't have to wait until an event occurs before you consult a financial advisor. A financial advisor can help you develop an overall strategy for approaching your financial goals that not only anticipates what you'll need to do to reach them, but that remains flexible enough to accommodate your evolving financial needs.
We'd like to remind you that non-deposit investment products and services are offered through CUSO Financial Services, L.P. ("CFS"), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. Patelco Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.
Source(s) consulted: Broadridge Financial Solutions.
*Patelco does not provide tax advice. For such guidance, please consult a qualified tax professional.
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