4 Stages of Life When It’s a Good Idea to Talk to a Financial Planner

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Life is constantly changing, and during each stage of your life, you are going to need specific guidance. This is especially true when it comes to your finances. Although most people will claim that they are good with money, the fact is that those claims don’t match with the statistics, especially for younger people who are today facing debt, natural crises, and high unemployment.

However, that can all be avoided or cushioned by ensuring that you are getting the right financial help at every stage of your life. These are four stages of life when it’s a good idea to speak with a financial planner.

When You Start Your First Career Job

Although you will likely enjoy working within your dream career, the fact is that you may not want to do it for the rest of your life. At some point, you are going to want to retire or take a break and spend time with family and friends. However, that is only possible if you start your career on the right financial footing. All that begins with concentrating on financial planning right off the bat. This should involve setting up your 401K, healthcare plans, and financial goals for the next five or ten years.

Before Marriage

One of the most important times of your personal and financial life is the day you get married. Not only does marriage come with emotional responsibilities, but it can also come with tax and estate complications. Seeking the service of a financial planner during this time can save you a lot of time and emotional stress. In fact, many marriages end because of financial reasons including poor financial planning within the early stages of the marriage.

Half-Way Through Your Career

By the time you’re about half-way through your working years, you are likely married and have created a solid foundation within your career. However, this does not mean that you are set for life. At this point, it is important to seek the services of a financial planner once again. This is because new life events are going to happen—things such as children about to enter college in a few years and the need for extra vacation days.

A financial planner is incredibly important during this step as they will help guide you through the right path of helping you save for your children’s college tuition and for that vacation home you may be wanting for your family.

Right Before Retirement

One of the most common financial mistakes people make includes waiting until after they have retired to meet with a financial planner. This is not the path you want to take, as it can be too late to make any changes. Instead, meet with an advisor at least five years before your official retirement. They will help you set up new financial goals for the next five years as well as evaluate your current expenses and what you will need to keep up that lifestyle after your retirement.

As you can see from the information above, there are several stages in life where meeting with a financial planner is recommended. Of course, not everyone has the same life path, so it is important to fit these meetings within your major life changes.


Anita Ginsberg is a freelance writer from Denver, CO. She studied at Colorado State University, and now writes articles about health, business, and family. A mother of two wonderful children, she loves traveling with her family whenever she isn’t writing. You can find her on Twitter @anitaginsburg


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