Financial Planning

What’s a Financial Plan & Why Do You Need One?

If you don’t have a financial plan, it’s probably time to think about creating one. We customize your financial plan to your unique situation by talking to you about your personal and lifestyle goals first. After we analyze your financial situation, we make recommendations that will help you work towards those short- and long-term financial objectives.

Financial planning isn’t the same as creating a debt reduction plan or managing your investments, although both can be part of your financial plan. Your financial plan considers the overall picture of your finances to make complex decisions that impact your future. Our financial advisors believe financial planning is the first step to building and protecting wealth, because a comprehensive financial plan considers every piece of the puzzle.

What to Include in Your Financial Plan

You need a personalized financial plan that considers your current situation and your short- and long-term goals. You don’t need to include every part of financial planning at once. But our financial planners will make sure we don’t leave anything out that might be important to you. Here are some examples of what financial planning includes:

Retirement planning
Investing for other goals
Estate plan
Tax strategy
College savings plan
Investment management
Retirement income distribution plan
Insurance review

We’re here to help you prioritize your most important financial goals and even juggle the pursuit of multiple goals. Maybe you want to save for retirement and college for your kids. Our financial advisors also make sure you don’t neglect your insurance planning and leave yourself, your family, or your assets unprotected.

How Financial Planning Helps

A financial plan helps you protect your future. Not only are you taking steps to build wealth to retire one day, but a financial plan also protects your income and your family when something unexpected happens. Even a short-term disability could wipe out your entire retirement savings if you don’t have disability insurance.

Having a financial plan gives you the option to plan for a better life. We’ll help you stay on track with working towards your financial goals. And since we also consider the tax implications, we can even help you keep more of your money now and in the future.

Why You Should Work with Our Financial Advisors

Financial planning is a complex process that involves many aspects of finance and insurance. Our financial advisors have the knowledge and experience to help you understand your options and facilitate your journey to build wealth. There’s no need to figure out all the answers by yourself when you have our professionals ready to guide you and advise you.

Frequently Asked Questions

Insurance acts as a layer of protection for you, your family, and your assets. If something happens to you, your family can avoid financial hardship because of your life insurance policy. If you become disabled or need long-term care, you won’t have to drain your savings to cover your living expenses with the right insurance protection.

Yes. The best financial plan considers all the risks you face when building and preserving wealth. This includes market risk, inflation risk, and the risks we all share as humans. The more wealth you accumulate, the more important it is to carry adequate insurance protection.

A 401(k) is a great way to save toward your retirement, but a financial plan offers a more complete overview of your finances. Your 401(k) is definitely a part of that plan, but we must also consider your other financial goals, taxes, and insurance.

Most people think their retirement plan is the most important part of your financial plan. But what if you become disabled and have to withdraw from your 401(k) long before you retire just to cover your living expenses? In that situation, you might think disability insurance would have been more important. We make sure that you don’t leave out anything important for your comprehensive financial plan.

Contact Us Today for Your Financial Planning Needs

Financial planning is complex, but we’re here to simplify the process for you. Our financial advisors are excited to meet you, talk about your personal goals, and analyze your financial situation. We build a personalized plan to help you meet your financial objectives. Contact us today to create your financial plan.

Contact Us