Benefits of working with a financial advisor

Sometimes investment options can be overwhelming. But even seasoned investors can use financial planning help sometimes. You may want to talk with a financial professional.

Article highlights

  • Financial planning support
  • Fill in the savings gap
  • Stick to a long-term strategy

Get help setting and sticking to a strategy

Good financial professionals will help you develop a financial plan that fits your needs. They’ll help you set goals and stay on track to reach them for today and the future. This includes immediate, mid-term and long-term goals, from buying a home to saving for college and retirement financial planning. They can help you:

  • Understand your savings needs
  • Make savings decisions
  • Select funds and allocate your assets
  • Assess your comfort with risk
  • Understand how your investments can affect your taxes
  • Calculate your retirement income
  • Review your progress toward your goals and make changes, if needed
  • Decide when to retire
  • Plan retirement income strategies, such as how to withdraw your money in retirement

Add to your knowledge

You may already know a lot about investing. Seeking guidance can add to your knowledge, provide another perspective and answer your tough questions. You may need a financial advisor to help you see any gaps in your savings and investing strategies. They can help you project how today’s decisions will affect your future.

Paint your financial picture

You may have savings and investing accounts in many places. A professional can help you view them together and make sure they’re all in sync. Most will meet with you on a regular basis—at least yearly—to help you see the big picture:

  • How your investments are performing
  • If your investments are aligned with your desired asset allocation
  • Whether you need to rebalance your accounts to stay on track
  • Any changes in your life that would affect your goals
  • How you’re progressing toward your goals
  • Any changes you may need to make in saving and spending

Some advisors also may help you look at other decisions that can affect your finances. This may include decisions about spending, saving and taking loans. They also can help you evaluate insurance for life, disability and long-term care.

You may also like
  • ROL_LCA_get-expert-advice_IST-000020320960_150x150


    See six reasons for choosing a financial advisor.

    Read our tips.

  • RPS_LCA_investing-101_GET-175137857_150x150.jpg

    Take a lesson in Investing 101

    Brush up on the basics of asset allocation, diversification and rebalancing.

    Save more.

This material is provided by The Lincoln National Life Insurance Company, Fort Wayne, IN, and, in New York, Lincoln Life & Annuity Company of New York, Syracuse, NY and their applicable affiliates (collectively referred to as “Lincoln”). This material is intended for general use with the public. Lincoln does not provide investment advice, and this material is not intended to provide investment advice. Lincoln has financial interests that are served by the sale of Lincoln programs, products and services.