---
title: The Five Things You Can Do Now to Get Your Finances in Order This New Year - Echo Wealth Management
description: The Five Things You Can Do Now to Get Your Finances in Order This New Year
author: Echo Huang, CFA, CFP®, CPA
---

## [The Five Things You Can Do Now to Get Your Finances in Order This New Year](https://www.echowealthmanagement.com/index.php?option=com_content&view=article&id=193:five-things-you-can-do-now-get-your-finances-order-new-year&catid=8)

January 30, 2018

![](https://www.echowealthmanagement.com/images/yootheme/zoo/blog/Business_woman_holding_a_tablet_1302018.jpg)

In the past few years, there have been some Robo advisors business models, whose investment management fees are lower than 1% per year. However, when you compare the level of service provided throughout the year and over the long term, you really can feel the difference. These models may be fine for certain people who just started investing, or who have a small amount to invest, or whose situation is less complex. If you are thinking about using a Robo advisor, ask yourself these questions first to determine if they’d be a good fit for you:

• Do they help you plan to diversify away from a concentrated stock position while implementing charitable giving strategies?
 • When you are getting ready to retire, do they help you decide which account to withdraw from and which securities to sell to be more tax efficient?
 • When the markets go down sharply, do you get a phone call to check on you personally and ask if your cash flow is working as planned?
 • When you have a newly born grandchild, do you hear from a Robo advisor about setting up a 529 plan to continue your legacy planning to support their education?

It is not too late to plan for your financial future, and you can start today to get your finances in order. If you are not ready to manage investments on your own, consider asking for referrals for a trusted and competent advisor to partner with you and look out for your best interest.

 

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