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Why You Need an Advisor in 2017


Have you ever second-guessed your financial plans or worried about your financial future? If so, you are in good company. Americans’ fears regarding their lifestyle, medical bills, and retirement continue to increase each year. More than 50% of Americans worry about not being able to maintain the standard of living they enjoy, and 64% are worried about not having enough money for retirement.

Do you want to know the primary reason for this unnecessary anxiety and stress? It’s because many Americans don’t have the support of a financial advisor. Nearly half of Americans don’t know where to turn for financial advice, and 62% don’t work with a financial advisor of any kind. That’s sobering, especially considering how important finances are to every aspect of life.

Make Changes Now

The good news is that you can change how you feel about your finances and how you enjoy your life without winning the lottery. Studies show that people who work with an advisor are more likely to feel less stressed, have increased confidence in their savings, be more knowledgeable about their retirement opportunities, as well as more conscious of their spending habits. As an added bonus, a Vanguard study revealed that many advisors can add about three percentage points to their clients’ portfolios. Not only do you obtain confidence, but you can also see the growth of your finances.

But perhaps one of the best things about working with an advisor is that there’s never a wrong time to start. Just as it’s never too late or too early to start saving for retirement, it’s never too late to plan for your future and make the financial changes necessary to reach your goals.

When Can an Advisor Help?

Even if you feel confident in your finances and future retirement, there may be things you are missing without the advice and expertise of an advisor. You may not realize you are making common mistakes or missing out on investment opportunities that could significantly increase your savings.

If you’ve experienced one of the following events in the last year, an advisor can help:

  • You added to your family

  • You experience a job change

  • You lost a job

  • Your salary changed

  • You started a business

  • You purchased a home

  • You got married

  • You got divorced

  • Your child graduated high school

  • You or a loved one experienced a severe disability or illness

  • Your spouse passed away

Additionally, an advisor can help if you’ve faced one of these questions in the last year:

  • Is my spending appropriate for my income?

  • Can I afford a second home?

  • What should I save for first: retirement or my child’s college tuition?

  • How much do I need to retire?

  • Do I need life insurance?

  • How much should I contribute to my 401(k)?

  • How should I invest my savings?

  • Am I saving enough?

  • When can I retire?

  • What can I expect from my Social Security benefits?

  • Will Medicare provide enough coverage for my health needs?

  • How can I teach my kids to make wise financial decisions?

  • How do I gracefully exit my business?

Finding the Right Advisor For You

So why do a majority of people venture out alone on their financial journey? It can be intimidating to share the personal details of your finances with a stranger, especially if you feel you’ve waited too long to seek financial advice.

We’re here to tell you that we understand and that you’re not alone. Life can quickly pass us by, and before we know it, we’re ten years from retirement. But getting started late is better than not starting at all. When you come to us for help, we’ll never sugarcoat or lie, but we’ll always be judgment-free. We aim to make the process as pain-free as possible, taking time for us to get to know each other personally before looking at a single account statement.

How pain-free can it be? Let us show you. If you or someone you know has yet to meet with an advisor about their retirement, shoot us an email or give us a call for your free 10-step retirement planning checklist and to schedule a complimentary, commitment-free introductory meeting. We look forward to hearing from you. Set up an appointment with me today at (717) 283-4186 or email me at dniggel@keywealthpartners.com. I’d love to help you get your finances on track!

About David

David Niggel, CFP®, ChFC®, AIF® is the founder and president of Key Wealth Partners, LLC, an independent wealth management firm serving individuals, families, and business owners. Along with over a decade of financial services experience, he has advanced knowledge and training in providing holistic financial planning with fiduciary and ethical care, holding the CERTIFIED FINANCIAL PLANNER™, Chartered Financial Consultant®, and Accredited Investment Fiduciary® certifications. With hands-on entrepreneurial experience, he has the unique ability to help clients meet both their individual and business goals. Based in Lancaster, he serves clients through the York, Harrisburg, Hershey, and Central, Pennsylvania areas. Learn more by visiting www.keywealthpartners.com or connecting with David on LinkedIn.