In this edition of Money Made Easy, financial adviser Dan Danford answers a financial question from a viewer who is looking for professional help in investing.
"At what point should you get a financial planner? I have some savings and a 401k, but do most financial planners only deal with people who have a substantial amount of money?"
Danford, CFP®, CRSP®, MBA, of Family Investment Center, said while almost everybody could benefit from a planner's financial advice and perspective, most financial professionals prefer to spend more of their time with people who have a lot of money.
"But as your assets, complexities and ambitions grow, your need for financial planning grows," Danford said.