The Benefits of a Financial Planner

It’s no secret that finances can be difficult to stay on top of. A bank account requires full-time attention, even when things are going well. Some people might think that they don’t need help in the midst of a bull market, but markets are almost always subject to change. This is where a financial planner comes in handy.

Financial planning has expanded over time. There are financial executives such as David Geithner on Medium who focus on helping businesses, there are consultants who specialize in family planning, there are advisors who help with individual needs and so on. This article will discuss the different ways that financial planners can benefit people in general.

Lower Taxes

Taxes can be burdensome for people who are trying to save on their earnings. This is especially the case when a person is getting ready for retirement and lacks a solid plan. Many people turn to a retirement account or 401(k) for security, but these options aren’t always reliable by themselves. Indecision often creeps on when people look for ways to reduce taxes, such as applying for a regular IRA or a Roth IRA. A financial planner can clear things up by assessing the individual’s circumstance and weighing it with his or her needs. From there, the planner can offer solutions that the person may not have even considered.

Better Investments

There are many ways that vitality can hurt a person’s finances. Large-scale events and downswings in the market can be jarring when they come out of the blue. A good financial planner can help a person diversify his or her portfolio to maintain stability in the event of a sudden change. The strategy can include investing in exchange-traded funds that suit the individual’s long-term wants and needs. With the right planning, a person’s finances can remain untainted when the market goes back to normal.


The market’s ups and downs can drastically affect a person’s mood, which can cloud decisions. It is not only negative emotions that lead to mistakes but overenthusiasm when things seem to be going well. Time horizon and risk can become invisible to a person when he or she is caught in the middle of an investing game, and data can be hard to read without bias. A financial planner can keep an investor grounded when making decisions, which should lead to wiser moves.


A person’s capital is important at all times, but especially when retirement is around the corner. Many people don’t realize how essential cash flow is until after they retire and look at their bank account. If a geopolitical event threatens the market, things can get ugly. A financial planner can help an employee ensure the smoothest transition into retirement possible. A professional can review expenses such as food and health care and strategize accordingly.

No matter who a person is, finances tend to have many upturns and downturns. The uncertainty can affect retirement plans, business expenses, family affairs and so on. Planning is crucial to avoiding catastrophes and jumping on opportunities.