Originally Posted by
PiperPilot03
There are other areas where a financial planner would be very beneficial, but I'd say it depends on your mindset and your age. As I get older, I will definitely pay a fee only financial planner to double check my plan and help tweek it a bit.
I'll emphasize this. You can just go head down, nose to the grindstone and blindly accumulate savings and wealth when you're young.
But approaching age 50 (maybe sooner if you hit max contribution limits) you'll definitely want a professional to look at your situation holistically. Fee only, not somebody with a financial product to sell, and they need to be local in your state to address your specific tax situation.
The point of this, now that you have wealth, is to ensure that you don't waste any wealth or opportunity by mismanaging investments, taxes, social security, etc. For example you may need to reduce 401k savings late in your career, to avoid excess RMD's and associated tax in retirement.