GC Financial Advisors Ltd Banner
GC Financial Advisors Ltd Logo

Financial Planning – Cicero, Illinois

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

Retirement Planning/Children's Education Funds - Cicero, Illinois

Frequently folks say that they are 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 find the important numbers - How much must you save and by when? If you're not sure whether you'll have enough to live on post-retirement, it can create anxiety. But when you know what you have to do and that you are following the financial plan, it gives you peace of mind and confidence. When your situation changes from single to married, from renting to buying a home, having kids or caring for aging parents, financial planning can help you make better-informed decisions.

Certified Financial Planners - Cicero, Illinois

Many 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 restricted resources for attaining financial freedom. Say, if you have identified retirement and funding your son or daughter's education as your financial targets, but you only have Rs. 1,000 extra each year to achieve these targets, a Certified Financial Planner can help you choose among your priorities. Whatever you decide, you'll have the secure feeling of knowing that an expert has reviewed your situation and that you're doing something beneficial for your financial predicament. Financial planning offers a map with an action plan that - if implemented diligently - will take you where you want to go financially.

Missing the big picture is an issue seen too frequently with clients. If you are centered on the near-term rather than on much wider long-term implications, then you could end up impairing the accumulation of wealth. For example, depending on pre-tax returns for financial decision-making rather than understanding that various kinds of investments are susceptible to differing tax rates could be harmful for your financial well-being. A Certified Financial Planner will make you realize that the type of investment you choose has an effect on the after-tax return. Keep in mind, it isn't about the returns an investment generates; it comes down to the net income that comes in your hands. Lots 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 money you will have because of the tax liability which is awaiting you.

Impact of Financial Planning - Cicero, Illinois

The influence of sound financial planning on overall financial well-being is multifold and multidimensional. Actually if you think of your financial life as a flywheel, with financial planning as the heart, each of the various components of your financial life - like purchasing a home, saving for retirement, planning for your children's education, owning your dream car, debt management and so forth - 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 overall, and you'll see your ability to understand your financial targets really start to take off. Further, everyone knows that one of the greatest sources of stress and conflict in relationships is money. Individuals and families who have planned out a financial path enjoy greater well-being, worry less, sleep better and have strong relationships.

Financial Planning can be a life process. Preferably, you should meet a financial planner as soon as possible in your life and set up a long-term relationship. Then meet on a regular basis to review the Financial Plan to make sure you're on the right track.

For more information, please feel free to contact us at any time and we will 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