When to hire a financial advisor - AmericaNowNews.com

When to hire a financial advisor

There are good reasons - and bad reasons - to hire a financial advisor.

If you're changing jobs, or maybe starting your first real job, it could be a good time to get some help. That's especially true if you're carrying student loans, and need to figure out a strategy for paying that down, while saving for your future, too.

Another good time to hire a pro - when you feel out of your element when it comes to market volatility. Few people have the time to keep one eyeball on the Dow ticker all day. So it may help to hire an advisor who can monitor the markets, and help you formulate the long-term strategy that will survive the kind of volatility we've seen this summer.

Another example - when you need some help consolidating accounts. A lot of us leave 401K accounts behind at old workplaces. An advisor can help by pulling all of that money together and working with you on a strategy to help it grow.

So when shouldn't you hire an advisor? Well, when you're looking for someone to help you time the market. Sorry, but none of them come with a crystal ball.

You also don't want to hire someone at a free lunch seminar, or over the phone. Research them, meet them in person, and make sure you understand what they're saying about what they can do for you.

Copyright 2011 America Now. All rights reserved.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Physicians warn against giving melatonin to children

    Physicians warn against giving melatonin to children

    Parents desperate to get their troubled sleepers to bed are turning to synthetic melatonin, which is a supplement sold over the counter. But expert warn it could have adverse effects on child development.
    Many adults turn to sleep aids like melatonin, but now more parents are giving them to their kids, too. We talked to physicians to see what they had to say about how it could affect your child's development.
  • Six deadly foods for dogs

    Six deadly foods for dogs

    Every pet owner knows a dog can get into just about anything around the house. One woman found that out the hard way when her dog ate a bunch of grapes! Turns out, that's one of the most dangerous foods
    Every pet owner knows a dog can get into just about anything around the house. But these common snacks could be fatal for Fido.
  • Mouse droppings cause disease

    Mouse droppings cause respiratory disease

    Mice are one of the most resilient mammals living on the planet. Some people have them as pets, and they're also used in laboratory experiments. If wild mice get inside your house, they can potentially
    If wild mice find a way inside your home, they can potentially cause thousands of dollars worth of damage to your drywall and insulation. They can also transmit a harmful disease which can cause death in humans. 
Powered by WorldNow