Investors who are facing career changes or major purchases such as a second home often seek guidance from their financial advisors who can offer an unbiased and less emotional opinion.

Some financial advisors wind up taking on the role as a mentor or counselor to help investors reach their retirement goals.

The analytical viewpoints of advisors help investors who need impartial advice on financial planning and not just investment management, said Bill DeShurko, president of 401 Advisor, a registered investment advisor in Centerville, Ohio.

"There are emotional issues involved, but the value of a good advisor is to take the emotion out and 'run the numbers,'" he said.

While an advisor can't help an investor decide which job is better for them or if they should accept a promotion and relocate, they can crunch the numbers by examining and comparing the benefit packages, which can include stock options or other financial incentives, DeShurko said.

"I look at the long-term income benefits or costs and then let the client decide if their emotional benefits are worth the cost," he said.

Real estate is a common question presented to many advisors, whether from a tax or debt viewpoint. Although a 15-year mortgage is less costly than a 30-year mortgage, the majority of analysis by homeowners ignores opportunity cost, DeShurko said.

"If a 30-year mortgage payment is $100 less than a 15-year payment, what does a $100 a month grow to over 15 years?" he said.

While some investors like to keep a larger amount of cash on hand to help their children out or because they are averse to maintaining debt, advisors can examine the opportunity cost of investing the additional savings in the market.

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