Share your insights or perspective on the financial matter presented in the input.

I have savings and excess income. Is it time for me to find a financial advisor?
Whether your financial status is considered "OK" depends on your aspirations.  You aren't spending more than you earn and have no debt.  That puts you in the category of OK in my book, but the information in your post indicates that you would benefit from some financial advice--100 grand sounds like a lot of money to have in a bank unless you are on the verge of spending it. Financial advisors come in various shapes and sizes.  Many will charge you a lot for what turns out to be helpful advice in the first meeting, but very little value-added thereafter.  Some don't have the best incentives (they may be incentivized to encourage you to put your money into certain funds, for example). There are many financial advisors (of sorts) that you have access to that won't cost you anything.  For example, if you have a 401(k) at work, I bet there is a representative from the plan administrator that will meet with you for free.  If you open a brokerage account or IRA at any place (Fidelity, Vanguard, etc.) you can easily talk with one of their reps and get all sorts of advice.  My personal take is to meet with anyone who will meet with me for free, but not to pay anyone for this service.  It's too easy to get good advice and paying for it doesn't guarantee that you get better advice. Your financial situation will depend primarily on a few things you have not mentioned here.  For example, How much are you setting aside for retirement and what are your retirement goals?  This is something lots of people can give you advice on, but we don't know what market returns will be going forward so we don't really know.  One bit of advice that may benefit you is how to set aside money for retirement in the most tax advantaged way. How much do you feel that you need saved up for large expenses?  Thinking of starting a family?  How many months worth of income are you comfortable having set aside? What is your tolerance of risk?  If you put your money in risky assets, you may make more, but you may also actually lose money.  Those are the questions a financial advisor will ask about.  Once you have his/her advice--and preferrably after talking to a few advisors--you can make your own decision. Basically, your options are: Rules of thumb: Save only what makes sense to save in banks given your expected needs for cash. Put a lot in tax advantaged accounts (don't give Uncle Sam any gifts). Then look at financial and real investments. There are a number of free resources on the internet.  For example FutureAdvisor.  Or you can hit up the forums at BogleHeads.  Those guys give and receive financial advice as a hobby.  They aren't professionals, but you can get a lot of varying ideas and make up your own mind, which to me is better than (just) asking a professional. BTW, regarding the ESPP: these plans often give you a discount on stock and can therefore be a good idea.  Just be sure you don't hold the stock longer than you need to.  It's generally a bad idea to concentrate your wealth in any single investment, especially one highly correlated with your background risk (i.e., if the company does poorly you will already be worse off because you may lose your job or see fewer advancement opportunities. No need to add losses in your savings to that).  1 Please note: I am neither advocating nor discouraging buying guns, gold, or other controversial real assets.  I'm just giving examples of items some people buy as part of their wealth-preservation strategy.