“I wish I would’ve done this sooner.” That’s a statement we hear all the time from younger clients, to clients who are nearing retirement, and everyone in between.

There are a number of reasons why people don’t engage with a financial advisor. Some may think that they don’t have enough assets, some may think that waiting until retirement or closer to retirement is the best time, and others simply don’t engage because they’re not sure where to get started.

Today, we are going to provide you with a few tips on how to get the ball rolling toward your financial success.

“When is the right time?”

The truth is, the sooner you start going through the financial planning process, the better. If you wait until just a few years from retirement, you may not like the outcome and likely won’t have enough time to change anything at that point. Getting started early can be extremely valuable because you can get the help you need developing plans, changing habits, and employing different strategies at different stages of your life. Ideas and strategies that we bring to you will be even more valuable than portfolio management.

“Which firm should I start with?”

Most people don’t feel like they have enough assets to make it worthwhile, and for some firms that may be true. Certain advisory firms have a requirement that you have a minimal level of investments or net worth for them to even talk to you. Their fee structure may depend on selling you a product or putting you into a portfolio that provides a commission to them. A minimum level of client assets is needed to make it worthwhile for these types of advisors.

This type of structure creates an inherent conflict of interest. To avoid this, seek out a firm that is fee-only. This means that you are the only one paying them for their services. Therefore, you can feel confident that they aren’t selling you a product, but rather recommending strategies that fit your individual situation.

We hope these tips help you and encourage you to get the conversation started as early as possible. If you have any questions, give us a call!

For informational purposes only. Not intended as investment advice or a recommendation of any particular security or strategy. Past performance is not indicative of future results. Information prepared from third-party sources is believed to be reliable though its accuracy is not guaranteed. Opinions expressed in this commentary reflect subjective judgments of the author based on conditions at the time of writing and are subject to change without notice. For more information about Wealth Dimensions, including our Form ADV Part 2A Brochure, please visit https://adviserinfo.sec.gov or contact us at 513-554-6000. Please be advised that this material is not intended as legal or tax advice. Accordingly, any tax information provided in this material is not intended and cannot be used by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer.