Do you actually need a financial advisor in your 30s and 40s? May 9th

Like a lot of financial advice, the answer depends on your personal circumstances; it’s less about your age and more about the complexity of your finances. Financial advisors can provide valuable guidance as your income, investments, and responsibilities grow. But they also come with costs—either directly or through commissions. 

Here’s how to tell when you probably don’t need a financial advisor, and when hiring one may make sense.

When you probably don’t need an advisor

Before we dive into the situations when you might want an advisor, let’s look at when an advisor is unlikely to add much value:

Your finances are fairly simple. You have a steady income, no dependents, and a straightforward tax situation. Your investing is already handled through ETFs or a robo-advisor, and you’re not looking for help picking individual stocks or building a complex strategy…