5 ways a financial advisor can help you achieve your goals.

Working with a financial advisor means never having to make financial decisions alone. Their guidance could help you get a firmer grip on your finances – and achieve your financial goals at different life stages.

Here are five ways in which a financial advisor could help you:

1. Protecting your loved ones             

One way a financial advisor can help you is by ensuring you and your family are protected in case of a change of circumstances – from an unexpected job loss, to an illness that stops you from working, to death. A financial advisor can help wade through the many life insurance and income protection products on the market. Protection-first planning will give you peace of mind.

2. Supporting your loved ones

Planning your finances, including your savings and investments, can help you support your family members in achieving their own goals, too. You might want to pay for a child’s wedding, help them buy a car, or even help them purchase their first home. Or you might want to support your partner in reducing the amount they work. A financial advisor can help you set savings and investment targets to support your family’s big-ticket financial goals.

3. Planning the perfect retirement

Whether your dream retirement involves a boat in the Florida Keys or just more time in the backyard, a financial advisor can help ensure you’re putting aside enough money to enjoy the retirement you want and that you’re protected should you need extended care. They’ll take a look at what support you can expect from the government, any existing pensions and investments you have, and any savings before working out what products or portfolio of financial vehicles  can best protect you while helping you get to where you want.

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