Phoenix is a great place to live and work! With the amazing weather year-round, beautiful scenery, and friendly people, what could possibly go wrong? Well, not much. At least that’s what we thought. We had no idea how many things can go wrong financially until our friend, “Kelly”, told us about her experience with a financial advisor.
She was going through a divorce at the time and needed help managing her money. After meeting with several advisors, she finally met her match in Bodie Murray. Bodie from Northwestern Mutual worked with her since then and helped her understand her finances better than ever before. Kelly is now able to manage her money so well that she doesn’t even need a financial advisor anymore.
If you wish to reach such a goal as well, matching with a good financial advisor can benefit you.
What you can expect to achieve with a financial advisor
When looking for a financial advisor in Phoenix, AZ, it is paramount that you hire a professional who can help you achieve your personal goals. There are many benefits associated with working with a financial advisor, including the following:
– Access to advice from someone who has achieved financial security for others
– Improved budgeting skills
– Better understanding of investment opportunities
– Increased confidence in the market
– A sense of security knowing that everything is being handled professionally
Besides your personal financial plans, something really important is the tax advantages you might not be aware of. Tax advantages are always good, especially if you are a small business owner. If you have any type of business, whether it involves employees or not, you should consider this benefit.
There are tax breaks for hiring employees, including employee health insurance, retirement plans, and even child care assistance. Depending on your situation, you may qualify to deduct certain expenses from your taxes too. You never know when these opportunities will arise, but they are definitely worth looking into.
Top 2 benefits of hiring a Financial Advisor
- Clarity: You need to understand your current situation first before moving forward.
If you are not sure about where you stand financially now, then you should start off by gathering information about your finances. This includes reviewing your bank statements, credit card statements, investment accounts, retirement plans, etc. Make a list of what you can remember and keep track of how much each item costs. Then compare that against your income and expenses. Once this is done, you have a good starting point to figure out where you stand right now.
- Professional and Experienced perspective – Sit down with a professional who has experience managing finances of different financial circumstances.
A financial advisor like Bodie Murray from Northwestern Mutual can help you identify areas where you may be spending money you do not need to spend and get you on track towards saving more money in the future. A good financial advisor will show you how to budget, and set up alternatives to not spend more money than you earn. They will also help you make smart decisions about investing and planning for your future.