Let’s just say you want to retire in the next 20 years down the lane or you are dreaming to send your kid for higher education. Do you think without a financial planner you can accomplish these dreams and think of a better future?
This is where a financial planner or your planning partner comes into the picture, to kick start your future plans and lend it a better direction.
Once you decide to speak to a financial planner, you can’t think of just communicating with him in a one of basis and then forget all about it! It doesn’t work that way. Take time out for your financial planner, so that he/she can direct and provide you with the right financial advice Auckland.
Together, you and your financial adviser can cover a whole range of topics like Life Insurance, Health Insurance, Total Permanent Disability, Trauma, Business Expense etc. They will use their skills and knowledge to execute plans which are aimed to achieve your financial goals.
Once you have consulted the best financial adviser, then you need to trust him completely to guide you for a better future. He will get a complete picture of your liabilities and assets, income and other expenditures. They will have customized plans created to suit your requirements in terms of current and future investments, pensions, gifts and other sources of income. Your adviser will evaluate your plan on a regular basis, re-evaluate your current situation and check in with your future goals to plan accordingly.
A professional adviser would be guiding you better on saving money, types of accounts you need, the kind of insurance you must have i.e., either long term or short term. The adviser’s task is to understand what is involved in meeting future goals by guiding you in a better direction.
In the beginning, the adviser is going to assist you with your budget and saving plans. Once you become smart and knowledgeable, then the adviser will assist you in understanding complex investment, insurance and other tax-related matters.
Roles and Responsibilities
Several people are of the view that the role of a financial planner is to just assist the lives of people with respect to their financial situation. Take a look at some of the other important roles that your financial planner can do for you-
1. Planning for retirement
2. Facing a financial crisis
3. Insurance review
4. Death of a Spouse.
In addition to this, a Financial Planner also does the following things-
• Do a regular check-in with the client and discuss the periodic risk factors and ‘what if’ scenarios to better prepare the client.
• A basic estimate of your expenditure is shared, and several strategies are discussed for the distribution of assets after retirement.
Think wisely. Choose wisely.