Do you need a financial planner?phanindra2017-07-31T21:21:46+00:00 Consulting a good financial planner is always beneficial. But it also costs money. So like everything in life, you should compare the Costs Vs Benefits involved. There are many things you can accomplish yourself with a little bit of hard work and Mother Google's help. There are also situations where a financial planner cannot add significant value.Here are 10 scenarios to help you determine when it makes sense to consult a professional financial planner to provide investment and financial advice.Take our quiz to learn the right times to seek support along your financial journey. Good luck!You need help tracking your monthly finances. Should you consult a financial planner?YesNoYou’re 45 and your goal is to have INR 50 lakh in your portfolio by the time you retire at age 65. So far you have 20 lakh saved away. Should you consult a financial planner?YesNoYour financial adviser is your Dad’s longtime favorite. But you want your own investment strategy. Should you consult another planner?NoYesMay beYou don't contribute regularly to your PF/PPF etc at work. Or you contribute less than the maximum allowed. You hear that stocks are the best investment for the long term, but the market looks risky to you. Should you consult a financial planner?NoYesYou have multiple retirement accounts invested in dozens of different funds. Your spouse has another set of accounts. You both contribute regularly. But you lost a considerable amount during the last bear market. Should you consult a financial planner?NoYesYou have a lump sum to invest, and you're thinking about buying an annuity. Should you consult a financial planner?NoYesYou have a crazy dream. Maybe you want to retire early and volunteer to do good work abroad. Or go into business for yourself. The numbers don't seem to add up, but you're determined to find a way. Should you consult a financial planner?NoYesYou've lost faith in the modern financial system, and you want to move your money into land and real estate or other more concrete assets. Should you consult a financial planner?NoYesYou and your spouse are doing well and want to help support friends or family members with contributions to their college savings or health-care expenses -- but you don’t want to be so helpful that they come to think of you as a bank. Should you consult a financial planner?NoYesYou're in your twenties, just getting started in life, and have no more than 500 rupees each month to invest. You're afraid of making rookie mistakes. Should you consult a financial planner?NoYesYou have now finished taking the quiz. To submit your response, please click on the submit button below.