When I decided to start investing for retirement, I had no clue where to start.
I didnt even have one of those apps thatinvest your spare change.
I was starting from zero.
Photo courtesy of Paul Ruedi
I assumed that to start investing you had to have a financial adviser.
and we sat for hours as he went over four investment options.
I left more confused than I came in.
I just wanted to give him my money.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
When Can I Do It Without a Financial Adviser?
But if youre going to DIY your investments, youll need to commit to learning about investing.
Luckily, theres a wealth of information on the internet.
But what are the signs its time to pony up for a professional?
When Do I Need a Financial Adviser?
(I know:Why isnt that universal yet?)
They filled me in on when you really need to get professional help.
Paul Ruedi ofRuedi Wealth Managementspecializes in retirement planning.
He thinks one of the best times to consult an adviser is before or during the transition to retirement.
Transitioning into life without a paycheck requires making a lot of complicated decisions, Ruedi said.
In some instances, you might need someone in your corner well before retirement.
Kayse Kress, a certified financial planner atPhysician Wealth Services, said people often benefit from objective advice.
For some, that might mean a DIY approach.
But for others, it means seeking professional help.
Thankfully, theres a place for everyone to get what they need.
Jen Smith is a staff writer at The Penny Hoarder.
She writesa lot about retirementand gives money-saving and debt-payoff tips on Instagram at @savingwithspunk.
No Interest Til Almost 2027?
Balance Transfer = Credit Card Cheat Code
