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How To Know Whether You Need a Financial Planner?

Financial Planner Melbourne


How To Know Whether You Need a Financial Planner?

Have you ever asked yourself this question? Am I paying too much tax? Should I be investing in my kids education? How will I use my money when I retire? What is the best way to manage my wealth so that it can grow and help me achieve a secure financial future? If yes, then you might need a Financial Planner Melbourne.

Goal setting

Setting goals is an important part of financial planning. Goal-setting helps you focus on what’s important to you and prioritise your financial goals. This can be as simple as a short list of things that are important or want to achieve in life, such as:

  • Buying a house
  • Retiring by age 55
  • Having a healthy savings account balance by age 35

You can also set specific long-term goals around your career or job security, like:

  • Moving up the corporate ladder at work
  • Starting my own business

Investment planning

Investment planning is the process of managing your assets to achieve your financial goals. Investment planning can be done by you, a professional financial planner or both. A financial planner may help you review and update your investment portfolio, develop an estate plan and manage your overall wealth.

Financial Planner Melbourne

An analysis of your current situation. At this stage, it is important for you to think about how many years are left before retirement and how much you need for that time period. Also, consider the life stages of yourself and those who depend on you financially (spouse/partner children). 

Retirement planning

Retirement planning is an important aspect of financial planning, and it can help you determine how much money you will need to save for retirement. Many people have a hard time figuring out how much they need to save for their retirement years because they have no idea of the expenses they will face in the future. A good Financial Planner Melbourne will be able to help you figure out how much money you’ll need and make recommendations on how best to invest your savings.

Financial planners also help clients draw down their savings as they near retirement age by investing in annuities or other types of investments that provide a steady stream of income each month. They also recommend ways for retirees who are still working part-time jobs (or even full-time) after retiring from their primary careers to protect their assets from potential lawsuits or other legal problems associated with their investments during this period in life.

Tax planning

Tax planning is important to ensure you pay the right amount of tax, and avoid penalties. Tax planning can also help you plan for your retirement.

Asset management

Asset management is a process of managing your assets to achieve your goals. It involves determining what kind of investments you need, selecting those investments and then monitoring them to see how they are performing.

At the end of the day, asset management helps people who are similar in age, income and risk tolerance achieve similar financial goals.

This is why you need to get an idea about what type of investor you are before you start working with an adviser or planner.


The bottom line is that a Financial Planner can help you achieve your goals. A good financial planner will take the time to understand your situation and make sure that everything is taken care of. They will also be able to advise you on what steps need to be taken next so that you can achieve those goals even faster!


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