Can I Get One-Time Financial Advice?

Navigating big financial decisions can be intimidating—indeed, for some people, even creating and sticking to a budget can be overwhelming. As you think about your financial future and create a plan that’s designed to support your financial interests, working with a financial planner can be helpful. In some cases, you may be interested in getting one-time advice rather than working with a financial planner on an ongoing basis. Here’s what you should know—

Topics to Discuss When Seeking One-Time Financial Advice

Depending on your financial situation, you may be looking for one-time financial advice rather than ongoing consultation. For example, you may be seeking one-time advice if:

• You’re opening retirement accounts for the first time and aren’t sure what’s the best fit for you
• You’re a small business owner who is facing a big business decision
• You’re getting ready to retire and withdraw funds and have questions about tax penalties, Social Security, etc.
• You want to start investing your money
• You have a very specific financial question or goal you would like professional input on 

Fee Structure for One-Time Advice

If you’re only seeking financial advice once, it’s likely that the financial advisor with whom you meet will charge an hourly fee. The session could also be charged on a flat-fee basis. If you decide to work with someone for a longer period of time, chances are this fee structure will change. Make sure you ask the financial professional before you get started. 

Is Getting One-Time Financial Advice a Good Idea?

If you have financial questions and need to make decisions that will have large repercussions and consequences, then working with a financial professional is strongly recommended. In fact, working with a financial planner can even be beneficial when the immediate costs are lower stakes—for example, a financial professional can help you to create a budget. 

Even better than one-time advice, though, is ongoing financial advice. If you hire a financial planner or investment advisor, this financial professional can help you to manage your finances and your investment portfolio for years or even decades. The objective of a financial professional is to help you pursue your financial goals. 

Call Harvest Wealth Partners Today

At Harvest Wealth Partners our financial professionals offer a range of services. Whether you are looking for ongoing consultation or need one-time financial advice, we are here to support you. Reach out to us today by phone or online to get started.

Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision.

Contributions to a traditional 401(k) may be tax deductible in the contribution year, with current income tax due at withdrawal.  Withdrawals prior to age 59 ½ may result in a 10% IRS penalty tax in addition to current income tax.

A Roth 401(k) offers tax deferral on any earnings in the account. Qualified withdrawals of earnings from the account are tax-free. Withdrawals of earnings prior to age 59 ½ or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax.

This material was prepared for Harvest Wealth Partners financial advisor’s use.