When is it worth hiring someone to manage your money?

Deciding how to invest your money is a process, not a one-time decision. You can turn to books and articles for insight, but money is personal, and one size does not fit all.

For example, portfolio allocation is a simple concept; the complexity comes with your age, personal risk preferences and work retirement plans. So you may want help at some or all stages in your journey.

But what is worth paying for? Here’s what to consider before you hire someone.

A free and simple program where you drop in your data online offers basic advice and is a good fit if you have only one financial goal, like saving for retirement. As you consider saving for competing goals like your children’s college education, a home and retirement, take the time to a professional who can help you balance your goals while creating financial wellness.