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In practically all aspects of life, there are things we can do ourselves and others we can’t.

Why the 4% Withdrawal Rule Is Wrong

If you cut your finger slightly, you grab a bandage; but if you need stitches, you find a doctor. You probably can put air in your car’s tires and maybe even change your oil, but when a car keeps dying at stop signs, most people go to a mechanic.

The same holds true for handling your finances. It might seem odd for a financial professional to tell you this, but under some circumstances, you really can go it alone and probably turn out fine. In other instances, the do-it-yourself approach could be a mistake.

The trick is figuring out which is which.