Family CFO: 3 Ways a Financial Advisor Can Help You Plan, Save, and Invest

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Blog pic 5

It’s no secret that the last two and a half years have been tough. From the pandemic to the economy, it seems like every day the news gets worse. If you’re like most people, you’ve probably spent at least parts of the last few years worrying about the future. How will you be able to afford to send your kids to college? How will you ever retire? These are difficult questions to answer during normal times, but they’ve been even more challenging to face in recent years.

That’s where the Family CFO comes in.

You have enough to deal with during your day-to-day. Juggling a career, a family, your goals and dreams, and your family’s finances? It’s a lot. But with the help of a financial advisor acting as your family’s CFO, these tasks can become a little bit more manageable and less daunting.

A financial advisor can help your family in many ways, but three of the most important ways are through planning, saving, and investing.

When it comes to financial planning, many families find themselves at a loss. With so many variables to consider, it can be difficult to know where to start. Education planning? Home purchasing? Budget advice? There is no shortage of moving parts. By taking into account your family’s unique circumstances and understanding your financial goals and objectives, a financial advisor can develop a customized plan to help you make the most of your money and reach your goals. Whether you’re starting a family, getting married, changing careers, or simply looking to get out of debt, a financial advisor can offer sound advice and guidance to help you get there. In addition, an advisor can help you to stay on track by providing regular updates on your progress and making recommendations for changes to your plan as needed.

Saving for the future is one of the most important aspects of personal finance, yet it is often one of the most difficult to do. There is a myriad of expenses that come up in everyday life, and it can be tough to discipline oneself to set aside money each month. However, regardless of whether you’re saving for a rainy day or setting aside money for retirement, the benefits of saving are clear. By investing in a savings account, you can grow your money while taking comfort in knowing you have a cushion for unexpected expenses. In addition, savings can provide peace of mind during difficult times, such as job loss, medical emergencies, or, say, global pandemics. While saving money might not be a cakewalk, the good news is that a financial advisor can help your family to develop a plan for your financial future. From helping you to set goals and make decisions about how to best use your resources to helping you to understand the tax implications of those decisions, an advisor might be the sounding board you need.

Many people shy away from investing, thinking that it’s too complicated, risky, or complex. However, investing is one of the smartest financial moves a person can make. Over time, investments tend to grow at a rate that outpaces inflation, meaning that your money will be able to buy more in the future than it can today. In addition, investing can help you to reach your financial goals sooner than if you simply saved your money in a savings account. For example, if you’re saving for retirement, investing can help you to achieve your target retirement fund balance more quickly.

Of course, it’s important to find investment opportunities that fit your risk tolerance and your goals. That’s where a financial advisor can be especially helpful. An advisor can help you to identify investment opportunities that are right for you and provide guidance on how to best grow those investments over time.

Method Financial Planning: Your Family CFO
Making financial decisions can be complex and overwhelming, especially if you’re not sure where to start. That’s where we come in. At Method Financial Planning, we seek to simplify your financial life and give you the peace of mind that comes from knowing your finances are in order. No matter what your family’s financial situation is, we’re prepared to help you achieve both your short- and long-term financial goals. Reach out today to get started.

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