Is a Financial Planner Needed?
It is not always necessary to pay for the services of a financial planner. Saving via superannuation these days is relatively straightforward and easy between that and a savings account. The time when the services of a financial planner may be necessary would be when you have a larger amount of money to invest, such as if you have recently taken redundancy or received money from another source.
When you have lots of money in the bank, it can be very tempting to rush out and buy the car you've always dreamt of owning, or arrange to have that pool you always wanted installed, but if you need that money to live on in later years, then getting advice would be a wiser option.
Another time when the advice of a financial planner could be necessary is just before retiring or setting up a self managed super funds. At this time you'll be looking to reduce your tax burden. Super payouts are tax-free once you reach 60 years of age, so adding any extra to that super fund is a wise move. A financial planner can help you work out what's is best for you both now and in the future. By typing your postcode into the Financial Planners website www.fpa.asn.au you'll get the names of financial planners near you.