Presented by MidAmerica Financial Resources
Coaching Decision
Consider Working with a Financial Professional to Help Improve Your Financial Health
A financial professional can help you not only make key financial decisions, but also identify your priorities and guide you toward achieving your financial goals — including retirement. Here are three reasons why seeking professional advice about your financial future may be a smart move.
Independence
Sometimes your emotional biases can make it difficult to look at your own financial situation with clear eyes. A common example: people may know they need to save for retirement, but they often have difficulty sacrificing present consumption because of a lack of self-control. A professional advisor can help provide an outside perspective, personalized accountability and recommendations for changes in behavior that may be necessary for you to pursue your goals.
Personalization
Each person has their own unique set of circumstances, and general financial advice (like the kind you get in this newsletter) cannot possibly consider all of your unique variables. A financial advisor can help you recognize when you may need to adjust your spending, balance personal needs versus wants and identify ways to be more mindful about your finances.
Address Specific Questions You Have Now
A professional advisor can help answer questions you have right now, such as:
- Is the amount I’m currently saving enough to manage my retirement income needs?
- Should I be making Roth contributions or pre-tax contributions?
- How can I manage things like inflation, market volatility and other risks in my investment strategy?
- What can I expect from Social Security benefits?
- How can I best plan for healthcare expenses in retirement?
Finding a Financial Advisor
Your current plan advisor may be able to work with you or refer you to a colleague. In addition, you can:
- Ask friends, family or colleagues for recommendations
- Visit cfp.netor https://www.letsmakeaplan.org/ to research Certified Financial Planner® professionals in your area
- Do a background check on your potential advisor through gov
- Create a shortlist of potential candidates and ask each one the following questions:
- What services do you provide?
- What types of clients do you work with?
- How often do you meet with clients? How often will we communicate?
- How are you compensated? Fees (hourly or a percentage of assets)? Commission? Both?
MidAmerica Financial Resources may be reached at 618.548.4777 or greg.malan@lpl.com www.mid-america.us
Securities and advisory services offered through LPL Financial, a Registered Investment Adviser, Member FINRA/SIPC.
MidAmerica Financial Resources and Malan Financial Group are separate and unrelated companies to LPL.
This material was created for educational and informational purposes only and is not intended as ERISA, tax, legal or investment advice. If you are seeking investment advice specific to your needs, such advice services must be obtained on your own separate from this educational material.
Kmotion, Inc., 412 Beavercreek Road, Suite 611, Oregon City, OR 97045; www.kmotion.com
©2023 Kmotion, Inc. This newsletter is a publication of Kmotion, Inc., whose role is solely that of publisher. The articles and opinions in this newsletter are those of Kmotion. The articles and opinions are for general information only and are not intended to provide specific advice or recommendations for any individual. Nothing in this publication shall be construed as providing investment counseling or directing employees to participate in any investment program in any way. Please consult your financial advisor or other appropriate professional for further assistance with regard to your individual situation.
