Why Financial Planning?

Developing a financial plan creates peace of mind by helping you identify important financial goals including:

• Retirement savings and investment goals
• Education funding goals for children
• Survivor income goals for spouse and children
• Estate planning goals
• Charitable giving goals
• Income tax reduction goals
• Debt reduction goals

If you have ever asked yourself one of the following questions, going through the financial planning process will provide you the answers.

• Have I saved enough money for my child’s education?
• How much income will I need when I retire?
• When can I retire?
• How do I convert my retirement savings into a paycheck?
• Given the rate of inflation, will my current savings and investment plan grow enough to meet my needs?
• How do I calculate how much I need to accumulate in my retirement and investment accounts to live comfortably in retirement?
• What would happen if my spouse or I die prematurely? How would it impact the other financially?
• What would happen if my spouse or I become disabled? How would that impact us financially?
• What would be the financial impact if my spouse or I required the services of a long-term care facility for an extended period of time?
• How do I effectively transfer wealth to my loved ones?
• With whatever decisions I make regarding my financial future, what are the tax implications?

Other questions to consider:

• Why should I calculate my net worth?
• Which is better a Roth IRA, Traditional IRA, Variable Annuity or 401(k)?
• How should I allocated fixed versus growth investment within my portfolio?

Inquire Form