You’re comfortable investing your money, managing your household budget, and planning for retirement. When questions arise (Lease or buy a car? Refinance my home mortgage? Do I need long-term care insurance?), you do the research and come up with sensible answers. If you face a particularly complex financial decision, you tap an informal network of friends and family members for advice.
All in all, you’re handling your money matters just fine. Why would you need a financial adviser? But you wonder if you’re missing out by doing it all yourself.
To determine whether to retain an adviser, run a cost-benefit analysis. That requires two basic pieces of information: the planner’s fee and the services you’ll get in return.
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