Why Do You Need A Financial Advisor?

Here at Guardian Financial Management in Flower Mound, TX, we’re here to help create personalized strategies so you can plan a comfortable retirement, reduce your tax burden, and more. While you may be able to accomplish some of these steps on your own, having a professional by your side can help ensure you are making well-informed decisions and protect your assets. In our blog today, we’re here to talk about what a financial advisor can help you with.

Making A Retirement Plan

One key reason to work with a financial advisor is to plan your retirement. Preparing for your non-working years can feel overwhelming and complex. Questions like, “How much will I need to retire?”, “How much can I safely spend?”, and “Which investments should I use for income versus growth?” can be difficult to answer on your own.

An independent financial advisor can develop a tailored strategy to address these concerns and help you achieve your retirement goals. They bring expertise in a wide range of tools, from income annuities to stock market investments, ensuring you have the right mix to suit your unique needs.

An independent financial advisor can also assist with specific situations, like rolling over assets in a 401(k) or IRA, while providing guidance on maximizing your retirement accounts. By working with a knowledgeable advisor, you can navigate the complexities of retirement planning with confidence and peace of mind.

Minimize Your Taxes

Taxes play a significant role in your retirement planning. If you have tax-deferred retirement accounts, you essentially have a partner in retirement: Uncle Sam. Unless there are major changes in government spending, tax rates will likely increase in the future.

David Walker, former Comptroller General of the United States, has warned that tax rates may need to double to meet government obligations. Higher taxes mean less spendable income from your retirement accounts and even your Social Security benefits.

Working with an experienced financial advisor can help you develop a tax strategy for retirement that minimizes the impact of potential tax increases, protecting your income and ensuring a more secure financial future. 

Plan For Your Family’s Future

In addition to creating a retirement plan that allows you to live comfortably during your golden years, a personalized financial strategy can also help you plan where your assets go in the event of your passing. Estate planning, for example, are a set of instructions on how to handle your assets if you pass or cannot manage them yourself. By planning this ahead of time, your loved ones can know how you want your assets distributed and can have a reduced tax burden. An experienced financial advisor can help you draw up your will or a trust so that your loved ones are taken care of in the event of your passing, and they can stay on top of the legal changes that may come up in the future.

Talk To Our Team To Learn More

Our team at Guardian Financial Management in Flower Mound, TX, is here to help you plan your financial future. To learn more, call our team today at 972-996-7858.