Why Bother with a Written Financial Action Plan?
Financial planning sounds like a big deal, but all it really means is using the tools available to you in order prepare your finances for the future. Financial plans can be as strict or casual as you need them to be. The whole point is that a financial plan should cater to your needs while preparing you for the rest of your life.
Why Bother with a Financial Advisor?
There are so many questions surrounding financial advisors. And that makes sense! You deserve to know your money is in the best hands possible. It is important to us — as it should be for all financial advisors – that a written financial overview is not merely a product, that it is a long-term process meticulously designed for your situation and goals.
As we’ve discussed in previous blogs, budgeting is key. Even more important is having a broad idea of what you would like out of retirement—where you want to be, how much you will need monthly, etc. That way, you can know what the reward for budgeting and saving will be. We believe that working with a financial advisor is the best option in order to choose the right financial products and maximize their benefits. An expert takes the time to build a meaningful relationship with clients and learns their specific situation and priorities. This way the advisor can help clients navigate various risks while advancing toward their goals.
What Is Our Planning Philosophy?
What we work to keep in common between the plans we create for our clients is one key element: balance. With our balanced portfolio philosophy, we provide plans composed of guaranteed investments, income products, and growth products. The respective rate of each product type in every portfolio depends on each client’s needs. With this kind of written financial action plan, we spread the investment money within your portfolio to provide some security as well as income and potential growth.
For daily expenses and savings or for investment products, a good written financial action plan requires honesty and clarity! Having a good idea of your priorities and goals can help give your financial advisor what he/she need in order to help you. And together, our clients and their financial advisors budget, diversify, and pick the right investments to help realize those plans.
