"There's no hard and fast rule, but people typically start considering regular financial planning help when they have around $100,000 to $250,000 in investable assets. In other words, when they've got savings outside of emergency funds and home equity that could be strategically managed. But again, it varies. Some advisors work with less, and many folks simply manage their accounts on their own."
"Yes, where your money sits matters, too. If most of your wealth is tied up in your home, 401(k), or basic savings, then a one-time consultation with a professional might be fine. But if you have substantial savings in taxable accounts, CDs, stock options, inheritance, or if you're dealing with complicated tax situations (like a freelance career or independent contracting position) then ongoing planning might be more valuable."
No strict asset threshold exists, but many start regular financial planning when investable assets reach about $100,000 to $250,000. Assets outside emergency funds and home equity are the focus for strategic management. Some advisors accept smaller accounts, and many individuals self-manage investments. The location of wealth influences the need for planning: if most assets are tied to a home, 401(k), or basic savings, a one-time consultation may suffice. Substantial taxable accounts, CDs, stock options, inheritance, or complex tax situations increase the value of ongoing planning. Life milestones such as marriage, children, inheritance, career changes, buying a home, and retirement are prime times to consult a planner.
Read at Slate Magazine
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