If you have student loans and credit card debt, a financial plan can help you figure out which loans should be paid off first, easing your cashflow problems and reducing the rates you pay.
If you are buying a home or newer vehicle, a plan can help you know what you can realistically afford. Too many people purchase homes or vehicles thinking of only what they want and not what they can actually afford. A good plan will take into account bumps in rates as well, giving you some breathing room even with economic shocks.
If you are trying to figure out how and what to save for retirement, a plan can help you know what your goals should be and what you need to do to achieve them. The longer you have to save, the more time your plan has to work to make financial security in retirement possible.
Even in retirement a financial plan can help you know what to do with your investments, how much you can withdraw every year to live on, and what you may have left of your wealth that can help your loved ones.
Every stage of life should have a financial plan. With a plan, you know what you are building and what you need to build it. Don't hesitate to contact a trusted Financial Planner while you are trying to build your plan for your future. Jerry
Great post! After a serious search I choose to go with a fairly new type of an advisor. I am not wealthy but I understand the value of consulting with the people that help you build you wealth in a fair way. People’s Financial Advisor (www.peoplesfinancialadvisor.com) are Fee-Only certified planners and registered with the SEC. They offer a free financial assessment (everyone should at least do that) and a full financial plan for $99. The entire interaction is on-line; I had an interview on their website and after several days got a full report that talked to me in plain English about my situation. It’s worth every dollar I paid for it.
ReplyDeleteI'd just like to invite all members of Rocky Credit Union to take advantage of the terrific financial planning calculators on their website. It's YOUR money so get actively involved in the process of wealth accumulation! You can create your own profile which you can update annually (or as often as you wish) to see your progress and where you need to fine tune. You'll be glad you did!
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