One of the scariest aspects of retirement planning is dealing with the volatility of the larger economy. Watching your investments take a 20 percent loss in a single bad year, for example, can leave you feeling sick to the stomach. This is especially true if you're coming up on retirement.
A retirement planning advisor, however, will point you toward a handful of strategies. People who are worried about volatility should consider these four approaches.
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If you're like most people, you probably think of a financial advisor as someone who can help you plan for retirement. And while that's certainly one of the services they provide, financial advisors can do so much more. Here are four compelling reasons you need to hire a financial advisor today.
1. They Can Help You Save Money
A financial advisor can help you save money in a number of ways.
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Many people are comfortable managing a growing portfolio of assets and investments. However, there can come a point where even the most skilled of numbers whizzes will find themselves facing unique challenges. If you're wondering whether it's time to consult with a wealth management firm, here are four common signs someone needs assistance.
Taxes Become a Noticeable Problem
As you grow your wealth, you may find yourself encountering new tax situations.
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