Financial Planning Company – Crest Hill, Illinois

The most popular misunderstanding about financial planning is that it is all about investing. Needless to say investing is a part of financial planning as you should make smart investment decisions, but there's much more to it. Financial Planning is the process of creating strategies to help you manage your financial affairs efficiently and meet financial goals. It is a holistic process that helps you make smarter decisions by turning vague targets into concrete strategies, giving a map for action. Having a financial plan - and sticking to it - provides you with a true advantage when it comes to planning your retirement as well as other long-term financial and life goals.

Retirement Planning/Children's Education Funds - Crest Hill, Illinois

Often folks say that they're saving for retirement or saving for their little one's schooling. They sound like precise goals, but they're really quite vague. Financial planning can find the important numbers - How much must you save and also by when? If you are not sure whether you'll have enough to live on post-retirement, it can create anxiety. But when you know what you should do and that you are following the financial plan, it gives you peace of mind and assurance. When your situation changes from single to married, from renting to buying a house, having children or caring for aging mothers and fathers, financial planning will help you make better-informed decisions.

Certified Financial Planners - Crest Hill, Illinois

Many people don't have unlimited resources. In such a scenario, Financial Planning through a Certified Financial Planner can provide advice on how best to make informed decisions and prudently use the restricted resources for attaining financial freedom. Say, if you have identified retirement and funding your child's education as your financial goals, but you only have Rs. 1,000 extra every year to achieve these targets, a Certified Financial Planner will help you choose among your priorities. Whatever you decide, you'll have the secure feeling of knowing that an expert has reviewed your situation and that you are doing something positive for your financial situation. Financial planning provides a road map with an action plan that - if followed diligently - will take you where you want to go financially.

Missing the big picture is a problem seen all too often with clients. If you are focused on the near-term rather than on broader long-term implications, then you might wind up impairing the build up of wealth. For instance, depending on pre-tax returns for financial decision-making rather than knowing that different types of investments are susceptible to differing tax rates might be harmful for your financial health. A Certified Financial Planner will make you realize that the kind of investment you choose affects the after-tax return. Don't forget, it isn't about the returns an investment produces; it comes down to the net income that comes in your hand. A lot of you do not realize the delayed tax implications on the foreseeable future nest eggs. It's pre-tax returns you are concerned with and you do not realize that there will be a drag on the ultimate amount of money you will have because of the tax liability that is waiting for you.

Impact of Financial Planning - Crest Hill, Illinois

The influence of sound financial planning on over-all financial well-being is multifold and multidimensional. In fact if you think of your financial life as a flywheel, with financial planning as the heart, each one of the various elements of your financial life - like purchasing a home, saving for retirement, planning for your children's education, owning your ideal car, debt management and so on - are spokes to the wheel. Once you begin to make progress along each one of those spokes, you are going to begin to gain traction overall, and you will see your ability to realize your financial goals really begin to take off. Additionally, everyone knows that one of the greatest causes of stress and conflict in relationships is money. Individuals and families who've planned out a financial path appreciate greater well-being, worry less, sleep much better and have vibrant relationships.

Financial Planning is a life process. Essentially, you need to meet a financial planner as soon as possible in your life and generate a long-term relationship. Then meet frequently to review the Financial Plan to make sure you are on track.

For more information, please don't hesitate to contact us at any time and we will be glad to help you!