Where do you turn for financial advice? These days you have a lot of options. The traditional media feeds us money advice 24/7, there are hundreds of personal finance blogs such as this one offering tips and commentary, you still have friends and family to turn to, or maybe you don’t want to be bothered trying to learn it all and have a financial professional standing behind you. Whatever your choice for advice it’s important you do the right thing because it is your money we’re talking about.
A lot of people have started to take more interest in their finances and that’s a good thing. After all, the more you understand about how money works, where you spend it, and where you should invest it, the better off you’ll usually be. At the same time, it isn’t always necessary that you try to learn everything yourself. Tax laws, investing rules, and the state of the markets are constantly changing. Trying to stay up on everything can be a full time job. So, that’s why most of us usually turn to the media, websites, friends and family, or financial professionals for some help.
That’s exactly why I hired an accountant for my taxes a few years ago. I might be a finance guy and love dealing with money and writing about it on a daily basis, but when it comes to taxes I have to turn to someone else. I have a pretty good understanding of my tax situation but it’s one of those areas that I can’t keep up with all the changing tax laws and don’t deal with taxes on a regular basis so I can miss some key deductions or make some expensive tax planning mistakes.
So, where do you get your financial advice? I realize many people go to various sources for their advice so for this poll I’ve enabled multiple voting options. Feel free to share your thoughts because I think it will be interesting to see where people who read a site like this generally turn to for advice.
Author: Jeremy Vohwinkle
My name is Jeremy Vohwinkle, and I’ve spent a number of years working in the finance industry providing financial advice to regular investors and those participating in employer-sponsored retirement plans.