As you make a financial plan, you may find it especially helpful as a single investor to work with an expert. Even if you’ve been comfortable managing your finances, a qualified adviser will be able to help you see the big picture in terms of your goals, while keeping you informed of new investment strategies and potential tax breaks.
Planning over the years
If you find a financial adviser you like and trust, you’ll probably keep up a long-term relationship, which means that he or she will help you do a periodic re-analysis of your goals and restructuring of your investment portfolio. That’s especially important as your goals change or you draw closer to retirement.
And if you’re not confident in your investing abilities, maybe because you’re new to it or made poor choices in the past, your adviser can work with you and help you make decisions.
If you’re looking for a new adviser, you’ll want to be sure the person you choose has had experience working with single people with financial situations similar to yours.
You might want to consult an estate attorney and a tax adviser to help you with your tax planning. Since many of the most popular and lucrative tax benefits are designed for married couples, you may find the help these professionals provide well worth the cost.
