When to Hire a Financial Planner

<p>Have you ever worked with a financial planner? Do you have enough money saved for a financial planner to help? When are you ready to hire a financial planner? Depends on the situation or preference. If you want help, the sooner the better.</p> <p>In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks to Jeff Wenger, a Certified Financial Planner (CFP&reg;), about when to hire a financial planner.&nbsp;</p> <h3><strong>Topics Discussed:</strong></h3> <ul> <li>Use Cases: When to start working with a financial planner</li> <li>Human Capital Habits: How do you accumulate your wealth? Income</li> <li>Life Transitions: Get finances right in the beginning by planning for the future</li> <li>Finances and Investments: What are your options? Inefficiencies?</li> <li>Backdoor Roth IRA: Involves all different facets of financial planner tasks</li> <li>Reasons to Hire a Financial Planner: <ul> <li>Don&rsquo;t have time to handle your finances.</li> <li>Unsure if things are getting done correctly.</li> <li>Complexity of your finances is intimidating.</li> <li>Struggling to keep finances organized.</li> </ul> </li> <li>Ways to Engage a Financial Planner: <ul> <li>95% of the industry has a sales/commission component.</li> <li>Verify terminology given by business to know if it is misleading.</li> <li>Pay for financial planner&rsquo;s advice.</li> <li>You&rsquo;re not locked in to work with the same financial planner forever.</li> </ul> </li> <li>When to Seek Help from a Financial Planner: <ul> <li>Educate yourself to make the best decision.</li> <li>Know the pros and cons of finding a financial planner.</li> <li>Figure out if now is the right time or not.</li> </ul> </li> </ul> <h3><strong>Links:</strong></h3> <p><a href="https://www.linkedin.com/in/jeffrey-wenger">Jeff Wenger on LinkedIn</a></p> <p><a href="https://wrennefinancial.com/">Wrenne Financial Planning</a></p> <p><a href="https://financeforphysicians.co/2020/12/31/hire-or-fire-your-financial-advisor-with-dr-jim