Defining when to hire a financial planning advisor...
Knowing when to hire a Financial planning advisor, is easier
if you've analyzed if you need one. If you still haven't
done that, or if you want to review some part, you can do it by clicking
In general, you have three options:
a) If you've discovered that you need professional help and
can afford the fees, then now is the best moment to start
b) If you concluded that for the moment you don't need an
advisor, then start working on your own plan as soon as possibe.
For example, you could go forward until you have a draft plan
- your personal balance sheet,
- a budget
- your risk analysis,
- a general action plan...
and at this time look for an advisor which can help you
analyze your financial situation and establish your action
plan. It's all up to you.
c) On the other hand, if you condluded that it is unlikely
that you will need a financial planner, we recommend that you
consider getting a second opinion at a convenient time.
To wrap up here's an important note -- the most appropriate
time to seek the help of an advisor is when you no longer feel
comfortable doing things yourself, or you start doubting that
what you're doing is the best way.
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