It was time to upgrade my laptop because my old computer was starting to show its age. I did my homework by comparing models, prices, warranties, etc. I had a working knowledge of computers and knew what I was looking for, so I didn’t consult anyone about my purchase.
After my due diligence was done, I purchased a brand name computer from a big box retailer. I spent one Saturday afternoon transferring the data to my new laptop. The transfer was easy and seamless. I was ready to go. However, my computer wasn’t. It was extremely slow. I was frustrated and upset at the lack of response from my new system, but I was going to give it a couple of days to see if it improved. No luck. The speed never increased, and the performance lagged my old computer. Most of my software systems were running at less than optimal performance.
I vented to my wife. She listened, for a while, and then told me to call an expert.
A few days later I contacted an IT expert to help me trouble shoot my system. The first thing he did was check the speed of the CPU. He showed me my CPU’s speed relative to others, and it was close to last, if not dead last. My computer would never be fast. Thankfully my purchase was still under warranty, so I returned it.
With the help of my IT consultant, we picked a new computer based on my needs. My new computer is smaller, lighter, and faster than my previous one. It works like a charm. Had I hired him prior to my first purchase I would have saved a lot of time, hassle and money.
Individual investors should hire an expert as well. Regardless if you’re a do-it-yourself investor or someone who has no interest in managing money, a professional can potentially help you improve your financial situation. We can all use a little help.
Here are a few ways a Certified Financial Planner® can help you with your finances.
- Financial Planning
- Retirement Planning
- Estate Planning
- Education Planning
- Special Needs Planning
- Investment Advice
- Investment Selection
- Asset Allocation Models
- Asset Management
- Business Valuations
- 401(k) Guidance
- Cash Flow Planning
- Charitable and Philanthropic Planning
- Income Distribution
- Required Minimum Distributions
- Social Security Optimization
- Beneficiary Updates and Reviews
- Debt Management
- Equity Compensation Analysis
- IRA Rollovers
- Life Insurance Analysis
- Long-Term Care Insurance Analysis
- Asset Protection
- Risk Management
- Fee Analysis
- Second Opinions
This list gives you a good idea of the services provided by a Certified Financial Planner.® In addition, most planners have access to CPA’s, attorneys, mortgage brokers, bankers, and other professionals who can help you with most of your planning needs. Give us a call. Don’t go it alone!
for by wise guidance you can wage your war, and in abundance of counselors there is victory. ~ Proverbs 24:6
July 11, 2019
Bill Parrott, CFP®, CKA® is the President and CEO of Parrott Wealth Management located in Austin, Texas. Parrott Wealth Management is a fee-only, fiduciary, registered investment advisor firm. Our goal is to remove complexity, confusion, and worry from the investment and financial planning process so our clients can pursue a life of purpose.
Note: Investments are not guaranteed and do involve risk. Your returns may differ than those posted in this blog. PWM is not a tax advisor, nor do we give tax advice. Please consult your tax advisor for items that are specific to your situation.