When you’re fresh out of college and worrying about how to land your first job, it’s not easy to think about savings for emergencies, the future, and retirement. But believe it or not, you can take some simple steps right now that will jump start you on the path to financial security in your thirties. Invest some time and effort now and your future self will thank you, big time.
I’m a strong proponent of fee-only financial planners. Here’s why.
How a financial planner can help you is less about your chronological age and more about your circumstances or the life transitions you’re experiencing. For example, in your 30s, here are some situations where a financial planner can help you make sound decisions about your money.
If you’re about to be married, should you insist that your partner sign a prenup? It depends.
Now that your long-term financial security is about to become a team project, it’s time to make a habit of thinking in terms of steps to you can take together, rather than separately.
The end of the year is a good time to hit the reset button in general. This includes taking stock of your financial picture, regardless of where you stand at the moment. And, in fact, if you’re feeling uncertain or worried about your financial picture, this step becomes even more important. Think of year-end as a time to step back, reflect, and reassess where you are financially – to take in the bigger picture – so you can make thoughtful, confident decisions about how to move forward in the coming year.
At what point does one need professional financial advice? Is it when your assets have grown to a certain point, or is it only when you have special concerns like estate planning or passing on a business?