{"id":1024,"date":"2020-07-18T22:05:22","date_gmt":"2020-07-18T18:05:22","guid":{"rendered":"https:\/\/moneymall.ae\/credit-blog\/?p=1024"},"modified":"2020-07-27T14:03:07","modified_gmt":"2020-07-27T10:03:07","slug":"why-having-a-financial-planner-is-a-must","status":"publish","type":"post","link":"https:\/\/moneymall.ae\/credit-blog\/why-having-a-financial-planner-is-a-must\/","title":{"rendered":"Why Having A Financial Planner Is A Must"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Financial planning helps you identify your short and long-term financial goals and make a balanced decision to meet those goals. the primary step in developing your budget is to satisfy with an advisor. Most of the people believe financial planners are just investment advisors, but there are additional strategies they will provide to help people\u2019s lives with regard to their financial situation. Thus,<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Read More:-\u00a0<a href=\"https:\/\/moneymall.ae\/credit-blog\/financial-management-uae\/\">Financial Management: Budget Diet to live a happy life in UAE<\/a><\/strong><\/em><\/p>\n<figure id=\"attachment_1063\" aria-describedby=\"caption-attachment-1063\" style=\"width: 353px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/moneymall.ae\/credit-blog\/why-having-a-financial-planner-is-a-must\/financial-planner\/\" rel=\"attachment wp-att-1063\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-1063\" src=\"https:\/\/moneymall.ae\/credit-blog\/wp-content\/uploads\/2020\/07\/Financial-Planner.jpg\" alt=\"Financial Planner UAE\" width=\"353\" height=\"236\" \/><\/a><figcaption id=\"caption-attachment-1063\" class=\"wp-caption-text\">Financial Planner UAE<\/figcaption><\/figure>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a233719d0aad\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a233719d0aad\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/moneymall.ae\/credit-blog\/why-having-a-financial-planner-is-a-must\/#here_are_a_number_of_reasons_why_it_is_important_to_have_a_financial_planner_as_well_as_a_few_situations_when_you_can_do_without_one%E2%80%A6\" >here are a number of reasons why it is important to have a financial planner as well as a few situations when you can do without one\u2026<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/moneymall.ae\/credit-blog\/why-having-a-financial-planner-is-a-must\/#When_can_a_financial_planner_prove_to_be_useful\" >When can a financial planner prove to be useful?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/moneymall.ae\/credit-blog\/why-having-a-financial-planner-is-a-must\/#Organize_and_manage_finances_%E2%80%93_Many_folks_have_complex_financial_lives_yet_lack_the_time_expertise_discipline_and_objectivity_to_manage_them_Financial_planners_can_examine_your_overall_net_worth_and_financial_situation_assist_you_to_identify_your_life_goals_and_objectives_and_recommend_strategies_to_assist_you_in_achieving_your_goals\" >Organize and manage finances &#8211; Many folks have complex financial lives, yet lack the time, expertise, discipline and objectivity to manage them. Financial planners can examine your overall net worth and financial situation, assist you to identify your life goals and objectives, and recommend strategies to assist you in achieving your goals.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/moneymall.ae\/credit-blog\/why-having-a-financial-planner-is-a-must\/#Marriage_and_children\" >Marriage and children<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/moneymall.ae\/credit-blog\/why-having-a-financial-planner-is-a-must\/#Divorce_%E2%80%93\" >Divorce &#8211;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/moneymall.ae\/credit-blog\/why-having-a-financial-planner-is-a-must\/#Receiving_a_financial_windfall\" >Receiving a financial windfall<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/moneymall.ae\/credit-blog\/why-having-a-financial-planner-is-a-must\/#Retirement_Planning\" >Retirement Planning<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/moneymall.ae\/credit-blog\/why-having-a-financial-planner-is-a-must\/#Funding_for_college\" >Funding for college<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/moneymall.ae\/credit-blog\/why-having-a-financial-planner-is-a-must\/#Facing_a_financial_crisis\" >Facing a financial crisis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/moneymall.ae\/credit-blog\/why-having-a-financial-planner-is-a-must\/#Career_advice\" >Career advice<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/moneymall.ae\/credit-blog\/why-having-a-financial-planner-is-a-must\/#Running_a_business\" >Running a business<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/moneymall.ae\/credit-blog\/why-having-a-financial-planner-is-a-must\/#Death_of_a_spouse\" >Death of a spouse<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/moneymall.ae\/credit-blog\/why-having-a-financial-planner-is-a-must\/#Charitable_giving\" >Charitable giving<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/moneymall.ae\/credit-blog\/why-having-a-financial-planner-is-a-must\/#Insurance_review\" >Insurance review<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/moneymall.ae\/credit-blog\/why-having-a-financial-planner-is-a-must\/#Estate_planning\" >Estate planning<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/moneymall.ae\/credit-blog\/why-having-a-financial-planner-is-a-must\/#When_do_you_not_require_a_financial_planner\" >When do you not require a financial planner?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n<h1><\/h1>\n<h1><\/h1>\n<h1><\/h1>\n<h1><\/h1>\n<h1><\/h1>\n<h1><span class=\"ez-toc-section\" id=\"here_are_a_number_of_reasons_why_it_is_important_to_have_a_financial_planner_as_well_as_a_few_situations_when_you_can_do_without_one%E2%80%A6\"><\/span><span style=\"font-weight: 400\">here are a number of reasons why it is important to have a financial planner as well as a few situations when you can do without one\u2026<\/span><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"When_can_a_financial_planner_prove_to_be_useful\"><\/span><b>When can a financial planner prove to be useful?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>Financial planners accompany numerous benefits. they will provide you with several important strategies during a number of various situations<\/b><span style=\"font-weight: 400\">, which are as follows:<\/span><\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Organize_and_manage_finances_%E2%80%93_Many_folks_have_complex_financial_lives_yet_lack_the_time_expertise_discipline_and_objectivity_to_manage_them_Financial_planners_can_examine_your_overall_net_worth_and_financial_situation_assist_you_to_identify_your_life_goals_and_objectives_and_recommend_strategies_to_assist_you_in_achieving_your_goals\"><\/span><b>Organize and manage finances &#8211; <span style=\"font-weight: 400\">Many folks have complex financial lives, yet lack the time, expertise, discipline and objectivity to manage them. Financial planners can examine your overall net worth and financial situation, assist you to identify your life goals and objectives, and recommend strategies to assist you in achieving your goals.<\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Marriage_and_children\"><\/span><strong>Marriage and children<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400\">Blending two independent financial lives are often complicated, particularly if there are conflicting financial personalities or there have been previous marriages. It\u2019s critical to deal with such issues as insurance, tilting of assets and delegating money management duties to preserve and protect assets.<\/span><\/li>\n<\/ul>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Divorce_%E2%80%93\"><\/span><strong>Divorce &#8211; <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400\">Calling off a marriage is universally devastating, especially emotionally and financially. And dividing assets in half is one nasty decision and business to get into. Therefore, a financial planner can help assist in reviewing you over &#8216;how a settlement will serve you for the future?&#8217;<\/span><\/li>\n<\/ul>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Receiving_a_financial_windfall\"><\/span><strong>Receiving a financial windfall<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400\">Inheriting a considerable sum of cash or winning the lottery often involves other financial and non-financial factors. for instance, it&#8217;s going to be better to place the cash toward debts, otherwise, you might want to donate a number of it to charity. Inheritance especially is usually fraught with deep emotional issues and family conflicts, so independent outside advice is often invaluable.<\/span><\/li>\n<\/ul>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Retirement_Planning\"><\/span><strong>Retirement<\/strong> <strong>Planning<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400\">Investment decisions are naturally a critical component of retirement planning. But often overlooked is the way to withdraw funds from your nest egg once you retire, and particularly what quite retirement you would like to measure. A financial planner can assist you to crystallize your retirement vision, then design an idea to assist in achieving that vision.<\/span><\/li>\n<\/ul>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Funding_for_college\"><\/span><strong>Funding for college<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400\">Beyond selecting among investment options, other key issues include aid and tax considerations. \u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Facing_a_financial_crisis\"><\/span><strong>Facing a financial crisis<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400\">The loss of employment, a significant illness, a legal problem or a natural disaster might prompt the seeking of monetary advice.<\/span><\/li>\n<\/ul>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Career_advice\"><\/span><strong>Career advice<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400\">Financial planners can advise you on the financial consequences of a career change, compensation or separation package, employee stock options and retirement plans.<\/span><\/li>\n<\/ul>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Running_a_business\"><\/span><strong>Running a business<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400\">A financial planner can help in fixing a retirement and benefits plan for the owner and therefore the employees, and, most frequently overlooked by owners, creating a sensible succession plan upon the business owner&#8217;s retirement, death, disability, or decision to sell.<\/span><\/li>\n<\/ul>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Death_of_a_spouse\"><\/span><strong>Death of a spouse<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400\">Frequently, the surviving spouse hurriedly, and under great stress, makes critical long-term financial decisions involving insurance, investments and retirement plans. Rarely is there a more important time for informed, objective outside advice.<\/span><\/li>\n<\/ul>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Charitable_giving\"><\/span><strong>Charitable giving<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400\">Families blessed enough discretionary income and assets might want to form substantial donations to at least one or more favourite charities. But there are many options, a number of which may prevent taxes, thus allowing you to go away more to your beneficiaries.<\/span><\/li>\n<\/ul>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Insurance_review\"><\/span><strong>Insurance review <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400\">A financial planner can analyze your insurance needs and appearance at options like disability income and long-term care in reference to overall financial circumstances and goals.<\/span><\/li>\n<\/ul>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Estate_planning\"><\/span><strong>Estate planning <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400\">While you would like an attorney to draft the documents utilized in estate planning, the financial planner can put those documents within the context of your financial circumstances and your vision of how you would like your estate dispersed. Financial planners can discuss strategies for wills, living wills, power of attorney, life assurance, trusts and other estate planning issues for the distribution of wealth, in life and in death.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: center\"><em><strong>Read More:-\u00a0<a href=\"https:\/\/moneymall.ae\/credit-blog\/stories\/financialmanagementuae\/\">Financial Management in UAE<\/a><\/strong><\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"When_do_you_not_require_a_financial_planner\"><\/span><b>When do you not require a financial planner?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">You will not need a financial planner in certain situations, like <strong>once you have the time and inclination to try to do the research and manage your finances personally. You&#8217;ll always search for assistance in self-help books and online platforms<\/strong>. you ought to also avoid getting a financial planner if the fees outweigh the advantages that you simply may derive from using one.<\/span><\/p>\n<p><span style=\"font-weight: 400\">You&#8217;ll have several different financial goals you would like to realize but to succeed in them at the proper point in life; you would like to possess a budget in the situation since the very beginning. Someone has rightly said, \u201c<strong>If you fail to plan, you&#8217;re getting to fail.<\/strong>\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial planning helps you identify your short and long-term financial goals and make a balanced decision to meet those goals. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1025,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[8,38],"tags":[317,319,318,310,316,311],"class_list":["post-1024","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-saving-money","category-how-to","tag-certified-financial-planner","tag-financial-plan","tag-financial-planing","tag-financial-planner","tag-financial-planner-dubai","tag-financial-planner-prove"],"_links":{"self":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/1024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/comments?post=1024"}],"version-history":[{"count":8,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/1024\/revisions"}],"predecessor-version":[{"id":1189,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/1024\/revisions\/1189"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/media\/1025"}],"wp:attachment":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/media?parent=1024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/categories?post=1024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/tags?post=1024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}