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What can a Professional Financial Planner do for you?

After a rollercoaster 18-months, the financial shocks of the COVID-19 pandemic are finally receding from view for many people. And, while we do not know for sure what lies ahead, it’s a good time to take stock of your financial position and start planning for the future.

No matter how well you fared during the pandemic, working with a professional financial planner could be just the ticket to get on track with your finances in 2021. Here are five things a financial planner could help you with this year:

Recover from the COVID-19 pandemic

Are your finances in good shape after last year or do you need to make up some lost ground? If you lost income or were forced to withdraw money early from your superannuation, it’s definitely worth speaking to a financial planner. They can review your personal situation and advise you on strategies to recover your position and reach your financial goals sooner.

Create a financial plan

You could do it yourself… but will you? Whilst we all have the best of intentions, more often than not life gets in the way. Do you have the time (not to mention expertise) needed to evaluate your financial options and put a plan in place? And will you stick to it?

Working with a financial planner means having someone who can do most of the heavy lifting for you. They’ll develop a financial plan alongside you, then actively manage your investments to help you reach your goals sooner. So, if you’re short on time, or experience, working with a professional can really save you in the long run.

Plan for the unexpected

The COVID-19 pandemic is just one of many unexpected events you are likely to experience in your lifetime. Without professional financial advice, can you be sure your investments and income are protected?

Working with a financial planner will help you weather any unforeseen ups and downs. Your planner will advise you on the right level of risk for your life stage, as well as any changes you need to make along the way, including how you respond to market disruptions. They can also help you put insurance in place to protect your assets, and loved ones, in case of the unexpected.

Enjoy a better retirement

After the volatility of 2020, you might be wondering if you’re still on track to reach your retirement goals. Perhaps your super balance is lower than you expected, or your investments didn’t perform well. A financial planner can review your overall financial wellbeing and advise you on strategies to achieve the lifestyle you want in retirement.

For anyone nearing retirement age, it’s essential to get professional financial advice to assist with the transition to life after work. A financial planner can help you understand how to structure your investments to make the most of your retirement income (and ride out any market fluctuations).

Make major financial decisions

For many people, the pandemic has brought forward major financial decisions, like retirement, a sea-change or selling your business. If this is your then seek financial advice before taking action. A professional financial planner can assist you to understand every aspect of your decision, including any implications you might not be aware of. They can also advise you on the best way to manage the funds involved, so that you can achieve your financial and life goals.

Whether you’re just starting out, nearing retirement, or somewhere in between, speaking to a professional financial planner has a range of benefits. Not only can they help assess your position and start building for the future, they’ll help you protect what’s yours in case of unforeseen circumstances – like a global pandemic. Now that has got to be worth the investment.

Author
Director | Certified Financial Planner ® | Grad Dip FP | Authorised Representative No. 227297

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