It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.” – Robert Kiyosaki

At Goodwin Investment Advisory – our mission is to lead people to financial peace, independence and generosity. Contrary to what you may think, financial independence doesn’t necessarily mean independently making financial decisions. Instead, it’s about working toward your bigger, better future by relying on the assets and resources at your disposal. For many, asking for help from a trusted partner or advisor is part of that journey. So, before you decide whether or not you need a financial advisor, here are four things you should consider.

How close is retirement?

As you move toward retirement, you may start wondering if you’ll have enough. However, the best time to ask that question is well before you announce the end of your 9 to 5 life. Long before you file with the Social Security Administration, consider hiring a financial advisor who can help you navigate the complexities of monthly benefits and make sure you get the most money possible. They can also help you identify opportunities to give back and work with you to prepare your financial legacy.

Do you have confidence in your retirement?

Once you enter retirement, you will want to make sure you have confidence that your money is invested right and will be there when you need it. You might even need to re-evaluate your current retirement plan to match the lifestyle you desire. An advisor can help you to adjust your retirement plan and help to create a tax plan and a legacy plan. An advisor can also help you generate wealth that will continue to impact your family and the world for generations.

How much free time do you have?

Managing time is never easy and depending on your job, you may have little free time. With what time you do have, you need to decide how you want to use those off-work hours. Balancing a budget, stewarding your investments and preparing for the future may help you unwind from the stress of your day job. However, if your to-do list is already unmanageable, consider finding some outside help.

Are you ready for an advisor?

Deciding whether or not to hire a financial advisor often comes down to the numbers. If you’re currently spending more than you are making, we would recommend that you hire our hourly-paid advisor for financial planning sessions that will help you review your income & expense budget, and plan out your bigger, better future.

However, once you have started to save for retirement and you have money available to invest, we recommend that you work with a financial advisor to select investments that are right for you. A qualified financial professional can help you maximize your portfolio and protect your hard-earned money.


Once you consider these questions, you’ll have a better idea of whether or not you need a financial advisor. For most people, it’s about when, not if. If you currently don’t have a financial advisor, keep coming back to these questions. When the time is right – whether today, next year, or ten years from now – a financial advisor can help you take your pursuit of financial freedom to the next level. Not only for you personally, but also to leave a legacy of generosity.

Investment always has an element of risk, and therefore we cannot guarantee results. The above is shared based on our experience, but your situation is unique and may require a different approach. Please contact us so that we can review your individual situation, and help you work towards your personal goals.
By Published On: January 5th, 2023

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Tara Bruce
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