GC Financial Advisors Ltd Banner
GC Financial Advisors Ltd Logo

Financial Planning – Bedford Park, IL

The most prevalent misconception regarding financial planning is that it is all about investing. Needless to say investing is a part of financial planning as you should make intelligent investment choices, but there is a whole lot more to it. Financial Planning is the method of creating strategies to help you control your financial affairs effectively and meet financial goals. It's a holistic method that can help you make smarter decisions by turning vague goals into concrete plans, providing a map for action. Having a financial plan - and sticking with it - will give you a real advantage with regards to planning your retirement and other long-term financial and life goals.

Financial Planning For the Future - Bedford Park, IL

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 discover the important numbers - How much must you save and also by when? If you are not sure whether you will have enough to live on post-retirement, it can create stress and anxiety. But once you know what you have to do and that you are following the financial plan, it offers peace of mind and confidence. When your situation changes from single to married, from renting to buying a house, having kids or caring for aging parents, financial planning will help you make better-informed choices.

Certified Financial Planners - Bedford Park, IL

Many people don't have unlimited resources. In such a situation, Financial Planning through a Certified Financial Planner can provide advice on how best to make educated choices 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 goals, but you only have Rs. 1,000 extra every year to achieve these goals, a Certified Financial Planner will help you choose among your priorities. Whatever you decide, you will have the reassurance of knowing that a professional has reviewed your circumstances and that you are doing something positive for your financial situation. Financial planning supplies a road map with an action plan that - if followed faithfully - will take you where you want to go financially.

Missing the big picture is an issue seen too often with clients. If you're focused on the near-term rather than on much wider long-term implications, then you might wind up impairing the build up of wealth. For example, counting on pre-tax returns for financial decision-making as opposed to understanding that different types of investments are subject to differing tax rates could be harmful for your financial health. A Certified Financial Planner can make you realize that the kind of investment you choose affects the after-tax return. Keep in mind, it's not about the returns an investment creates; it comes down to the net income that comes in your hands. A lot of you fail to realize the delayed tax implications on the foreseeable future nest eggs. It is pre-tax returns you're worried about and you fail to realize that there will be a drag on the ultimate amount of money you'll have because of the tax liability that is awaiting you.

Impact of Financial Planning - Bedford Park, IL

The impact of sound financial planning on overall financial well-being is multifold and also multidimensional. In fact if you think of your financial life as a flywheel, with financial planning as the middle, each one of the various aspects of your financial life - like purchasing a house, saving for retirement, planning for your children's education, owning your dream car, debt management etc - are spokes to the wheel. Once you begin to make progress along each one of those spokes, you are going to start to gain traction all round, and you'll see your ability to recognize your financial goals really start to take off. Further, everyone knows that one of the greatest causes of stress and conflict in relationships is money. Individuals and also families who have mapped out a financial path appreciate greater well-being, worry less, sleep much better and have vibrant relationships.

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

For more info, please feel free 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