I’m not near retirement, do I really need a wealth advisor?

I’m not near retirement, do I really need a wealth advisor?

October 18, 2021

The day’s of education and training are long past you. You’ve been in the workforce for 5, 10, even 15 years now, have gone through some job changes, negotiations and have made your way up the ladder. Congratulations! You’re a high income earner, but it doesn’t always feel that way.  



Student Loans.

The bills add up, and you think to yourself, wow I’m earning way more than the “average” American household, but I still feel like I’m behind on saving. I should keep stowing money away in my 401(k). When my kids are older, once their college is paid for, I’ll catch up.

There’s no way you could benefit from a wealth advisor, right?

Think again.

A lot of adults fall into this category. Sometimes they’re referred to with the term “HENRY” – High-Income-Earner-Not-Rich-Yet.

Your hard work and career choices will pay off, but it can feel like a waiting game until you’ve “made it.” Life comes at you fast, and you soon learn that exponentially high home prices, expensive extracurriculars for children, saving for their education while maybe still paying off your own takes a toll on your savings. You’re earning the right amount of money, but your priorities and responsibilities make it tough to save as much as you want at the moment. 

As wealth advisors, we talk about retirement a lot. What are your goals for retirement, what is the lifestyle you want to live, what are the things you dream about doing that you don’t have time for right now?

When planned correctly, retirement can be a wonderful season of life. But that doesn’t mean that you need to sacrifice building memories with your family right now with only retirement in mind. 

Where a wealth advisor can help is planning to make your future goals a reality. It will probably include retirement, but your financial plan can also include buying your forever home, purchasing a cabin up north or saving for an exotic vacation.

Advisors work with hundreds of people just like you and can point out areas we think you may be able to negotiate a higher salary or better benefits. Speaking of benefits, we can help you structure them in a meaningful way. Are you making the right decisions with your Employer Stock Options? Is that new job offer as enticing as it sounds?

We also provide investment solutions to our clients. Perhaps you’re earning too much money to contribute to a Roth IRA, but aren’t aware of the backdoor Roth option. Or you’re curious about the market and building a sustainable portfolio but only have experience day trading on Robinhood.

Working with an advisor is appropriate at all stages of life, from finding debt paydown strategies, to your accumulation years, to your retirement and beyond. You don’t have to wait until you’ve “made it” to have help and guidance with your finances. The sooner you start, the greater the impact you’ll make in years to come. 


The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.