When to Meet with a Financial Professional


Your finances can determine how you’ll live. Being in control allows you to shape your present and future. Managing your finances on your own can be time-consuming and confusing. Many financial professionals are trained and experienced with handling portfolios of all kinds. There some exciting moments in life that we recommend meeting with a financial professional—check out the list below.


First Professional Job

Once you land your first professional job, you’ll probably be offered perks such as retirement savings accounts (401k, IRA, 403b). Speak with a financial professional about your options because there are many. If you’ve never worked with retirement savings accounts or investments, then you might not know what risk tolerance is best for you, how much you should contribute, or what any of that even means.


Many couples decide to unite their finances once they get married. Maybe you each have a variety of investments, a savings account, CDs, etc. Merging them can be confusing and maybe even redundant if you have similar investments. A financial professional can help you combine finances smoothly and ensure you’re getting the most of your money. There are also certain tax breaks for married couples that a CPA or other financial professional can explain in detail and determine qualification.


When many people have children, they think of their future. College tuition, wedding expenses, and even medical expenses come to mind. There are special savings accounts for these concerns. 529 plan earnings can be tax-deferred, and distributions are not federally taxed if they’re used for qualified higher education expenses. Another option to consider once you have a child is life insurance. If something were to happen to you and/or your spouse, would they be able to survive? It is possible but we recommend always having a back plan.


As you approach retirement, your finances will probably be a top concern. Getting expert help and advice can be extremely beneficial because a financial professional can help determine how much you’ll need in retirement versus how much you’ll have. Then, they can suggest ways to fill the gap, if there’s any. If you have any extra money in retirement, the financial professional can design options to invest and earn on your extra money—whether it be for the near future or left for your beneficiaries.

Wealth Changes

Whenever you have wealth changes, speak with a financial professional. They can help make the best of the situation, give advice, and even present plans to fix or further increase profit. If you receive a large amount of money from a life insurance policy or annuity or a huge loss in the stock market, a good financial advisor can help steer you to the right track.


Seeking help is a good thing. Whether you’re looking for a second opinion, help managing your finances, or searching for a financial advisor, comparing options is useful. Only give information you’re comfortable with and make sure to look them up on the Financial Industry Regulatory Authority website (FINRA.org/brokercheck) to ensure they’re registered and have no derogatory marks.

Starting a plan can be confusing—if you’re experience or new to investing, there’s much to consider. Want to take the first step? Give us a call at 1-800-467-8152 or email info@ronaldgelok.com to schedule a complimentary in-person visit or phone conversation about your finances. We have expert retirement planners and can ensure you’re ready for retirement no matter your age!