Financial Planning

What is it? Why do you need it?

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Financial Planning

What exactly does a financial planner do, anyway? Good question. In a sentence: a Financial Planner helps people to assess their current financial situation, and then, helps them determine how they should allocate their financial resources, throughout their lifetime, so that they can use those resources to pursue their objectives. This often includes (in no particular order):

  1. Saving and investing money for their children’s college

  2. Saving and/or investing for specific large future purchases

  3. Investing for retirement

  4. Saving or investing to become more financially secure

  5. Building a “rainy-day” fund

  6. Ensuring that there will be enough money for loved ones in the event of an untimely death

  7. Determining what can (or should) be left as a legacy for future generation(s)

  8. Preventing unexpected healthcare or nursing home expenses from depleting the family’s savings

  9. Accounting for the effects of inflation on future spending

  10. Getting income from investments during retirement

  11. Determining how to keep from depleting retirement savings

While this is not an exhaustive list, these are some of the most common ways I help my clients. If you have concerns related to any of the above, I would either start with the risk profile assessment, or go ahead and set up a free consultation below.