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Financial Planning Services – Des Plaines, Illinois

The most prevalent misunderstanding about financial planning is that it is centered on investing. Needless to say investing is a part of financial planning as one should make wise investment decisions, but there is a lot more to it. Financial Planning is the method of developing strategies to help you manage your financial affairs effectively and meet financial targets. It's a holistic method that can help you make smarter decisions by turning vague objectives into concrete strategies, providing a map for action. Having a financial plan - and sticking with it - will give you a true edge when it comes to planning your retirement and other long-term financial and life goals.

Retirement Planning/Children's Education Funds - Des Plaines, Illinois

Often folks say that they're saving for retirement or saving for their little one's schooling. They sound like distinct goals, but they're really quite vague. Financial planning can discover the important numbers - How much should 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 should do and that you are following the financial plan, it offers peace of mind and self-assurance. Whenever 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 decisions.

Certified Financial Planner - Des Plaines, Illinois

Many people do not have unlimited resources. In such a situation, Financial Planning through a Certified Financial Planner can provide advice on how best to make knowledgeable options and prudently use the limited 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 every year to achieve these objectives, a Certified Financial Planner can help you choose among your priorities. Whatever you decide, you will have the secure feeling of knowing that an expert has reviewed your situation and that you are doing something positive for your financial predicament. Financial planning supplies a road map with an action plan that - if implemented faithfully - will take you where you want to go fiscally.

Missing the big picture is an issue seen too often with clients. If you're centered on the near-term rather than on broader long-term implications, then you could end up impairing the build up of wealth. For instance, depending on pre-tax returns for financial decision-making as opposed to knowing that various kinds of investments are susceptible to differing tax rates might be harmful for your financial health. A Certified Financial Planner will make you realize that the type of investment you choose impacts the after-tax return. Don't forget, it's not 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's pre-tax returns you are 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 that's waiting for you.

Impact of Financial Planning - Des Plaines, 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 center, each of the various elements of your financial life - like purchasing a home, saving for retirement, planning for children's education, owning your favorite luxury car, debt management etc - are spokes on 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 start to take off. Further, we all know that one of the greatest sources of stress and conflict in relationships is money. Individuals and families who've mapped out a financial path appreciate greater well-being, worry less, sleep better and have vibrant relationships.

Financial Planning is a life process. Ideally, you need to meet a financial planner as early as possible in your lifetime and begin a long-term relationship. Then meet frequently to review the Financial Plan to make sure you are on track.

For more details, 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

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