GC Financial Advisors Ltd Banner
GC Financial Advisors Ltd Logo

Financial Planning Services – Chicago, Illinois

The most typical misconception regarding financial planning is that it is centered on investing. Needless to say investing is a part of financial planning as one should make sensible investment choices, but there's much more to it. Financial Planning is the process of developing strategies to help you take care of your financial affairs effectively and meet financial targets. It's a holistic process that helps you make smarter decisions by turning vague objectives into concrete plans, providing a guide for action. Having a financial plan - and sticking to it - will give you a real edge with regards to planning your retirement along with other long-term financial and life goals.

Financial Planning For the Future - Chicago, Illinois

Often people say that they are saving for retirement or saving for their children's education. They seem like distinct goals, but they're really quite vague. Financial planning can discover the key numbers - How much should you save and by when? If you're not sure whether you'll 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 provides peace of mind and assurance. Whenever your situation changes from single to married, from renting to buying a house, having children or caring for aging mothers and fathers, financial planning can help you make better-informed choices.

Certified Financial Planner - Chicago, Illinois

Most people do not have limitless resources. In such a situation, Financial Planning through a Certified Financial Planner can offer advice on how best to make informed decisions and prudently use the limited resources for reaching 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 each year to achieve these objectives, a Certified Financial Planner can help you choose among your priorities. Whatever you decide, you'll have the reassurance of knowing that a specialist has reviewed your needs and that you are doing something positive for your financial predicament. Financial planning offers a map with an action plan that - if followed diligently - will take you where you want to go in financial terms.

Missing the big picture is a problem seen all too often with clients. If you're devoted to the near-term rather than on much wider long-term implications, then you may wind up impairing the build up of wealth. For instance, counting on pre-tax returns for financial decision-making rather than understanding that different types of investments are subject to differing tax rates might be damaging for your financial wellness. A Certified Financial Planner will make you realize that the kind of investment you choose affects the after-tax return. Bear in mind, it isn't about the returns an investment creates; it's about the net income that comes in your hands. Many of you fail to realize the delayed tax implications on the potential nest eggs. It is pre-tax returns you're concerned about and you fail to realize that there will be a drag on the ultimate amount of cash you will have because of the tax liability which is awaiting you.

Influence of Financial Planning - Chicago, Illinois

The impact of sound financial planning on overall 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 house, saving for retirement, planning for your children's education, owning your dream car, debt management and so on - are spokes to the wheel. Once you begin to make progress along every one of those spokes, you will begin to gain traction all round, and you will see your ability to understand your financial targets 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 have mapped out a financial path appreciate greater well-being, fret less, sleep much better and have strong relationships.

Financial Planning can be a life process. Ideally, you should meet a financial planner as early as possible in your life and establish a long-term relationship. Then meet on a regular basis 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'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