GC Financial Advisors Ltd Banner
GC Financial Advisors Ltd Logo

Financial Planning Company – Bartlett, Illinois

The most common misunderstanding about financial planning is that it is centered on investing. Of course investing is a part of financial planning as one should make wise investment choices, but there's so much more to it. Financial Planning is the process of creating strategies to help you manage your financial affairs efficiently and meet financial targets. It's a holistic method that helps you make better decisions by turning vague objectives into concrete plans, offering a map for action. Having a financial plan - and sticking with it - provides you with a true edge when it comes to planning your retirement and other long-term financial and life goals.

Saving For Retirement and Your Child's Education - Bartlett, Illinois

Frequently people say that they're saving for retirement or saving for their children's schooling. They seem like distinct goals, however they are really quite vague. Financial planning can find the key numbers - How much should you save and also by when? If you're not sure whether or not you will have enough to live on post-retirement, it can create stress and anxiety. But once you know what you should do and that you are following the financial plan, it offers peace of mind and self-assurance. When your situation changes from single to married, from renting to buying a house, having kids or caring for aging parents, financial planning can help you make better-informed choices.

Certified Financial Planner - Bartlett, Illinois

The majority of people don't have limitless resources. In such a scenario, Financial Planning through a Certified Financial Planner can provide advice on how best to make informed options and prudently use the limited resources for attaining financial freedom. Say, if you have identified retirement and funding your child's education as your financial targets, but you only have Rs. 1,000 extra every year to achieve these objectives, a Certified Financial Planner can help you select among your priorities. Whatever you decide, you will have the reassurance of knowing that a professional has reviewed your needs and that you are doing something positive for your financial situation. Financial planning provides a road map with an action plan that - if implemented diligently - will take you where you want to go in financial terms.

Missing the big picture is an issue seen too often with clients. If you're centered on the near-term rather than on much wider long-term implications, then you could end up impairing the accumulation of wealth. For instance, counting on pre-tax returns for financial decision-making instead of understanding that different types of investments are subject to differing tax rates could be harmful for your financial health. A Certified Financial Planner will make you understand that the kind of investment you choose impacts the after-tax return. Bear in mind, it isn't about the returns an investment generates; it's about the net income that comes in your hand. Lots of you do not realize the delayed tax implications on the foreseeable future nest eggs. It is pre-tax returns you're worried about and you do not realize that there will be a drag on the ultimate amount of cash you'll have because of the tax liability that's waiting for you.

Impact of Financial Planning - Bartlett, Illinois

The influence of sound financial planning on overall financial well-being is multifold and also multidimensional. Actually if you think of your financial life as a flywheel, with financial planning as the center, each one of the different aspects of your financial life - like purchasing a home, saving for retirement, planning for children's education, owning your ideal car, debt management and so on - are spokes on the wheel. Once you start to make progress along each one of those spokes, you will begin to gain traction all round, and you'll see your ability to recognize your financial targets really start to take off. Additionally, everyone knows that one of the greatest causes of stress and conflict in relationships is cash. Individuals and also families who've mapped out a financial path enjoy greater well-being, fret less, sleep better and have strong relationships.

Financial Planning is really a life process. Preferably, you should meet a financial planner as early as possible in your life and set up a long-term relationship. Then meet frequently to review the Financial Plan to make sure you are on the right track.

For more information, please do not hesitate to contact us at any time and we'll be happy to help you!

Areas We Serve

Proudly Serving:

Arlington Heights - Aurora - Batavia - Bolingbrook - Bloomingdale - Buffalo Grove - Chicago - Cicero - Deerfield - Des Plaines - Dupage County - Elgin - Elmhurst - Evanston - Geneva - Highland Park - Lockport - Lombard - Naperville - New Lenox - North Barrington - Northbrook - Oak Lawn - Orland Park - Plainfield - Romeoville - Schaumburg - Wheaton

GC Financial Advisors service area map