GC Financial Advisors Ltd Banner
GC Financial Advisors Ltd Logo

Financial Planning Services – Elmhurst

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

Retirement Planning/Children's Education Funds - Elmhurst

Often folks say that they are saving for retirement or saving for their little one's education. They sound like distinct goals, however they are really quite vague. Financial planning can discover the important numbers - How much must you save and by when? If you aren't 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 confidence. Whenever your situation changes from single to married, from renting to buying a home, having children or caring for aging parents, financial planning will help you make better-informed decisions.

Certified Financial Planner - Elmhurst

Many people don't have unlimited resources. In such a scenario, Financial Planning through a Certified Financial Planner can provide advice on how best to make educated choices and prudently use the limited resources for reaching financial freedom. Say, if you have identified retirement and funding your son or daughter's education as your financial goals, but you only have Rs. 1,000 extra every year to achieve these objectives, a Certified Financial Planner will help you choose among your priorities. Whatever you decide, you'll have the secure feeling of knowing that a specialist has reviewed your situation and that you're 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 financially.

Missing the big picture is an issue seen too often with clients. If you are centered 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 instead of understanding that various kinds of investments are susceptible to differing tax rates could be damaging for your financial wellness. A Certified Financial Planner will make you realize that the type of investment you choose has an effect on the after-tax return. Bear in mind, 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 foreseeable future nest eggs. It's 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 that is awaiting you.

Impact of Financial Planning - Elmhurst

The influence of sound financial planning on over-all financial well-being is multifold and multidimensional. In fact if you think of your financial life as a flywheel, with financial planning as the middle, each one of the different elements of your financial life - like purchasing a house, saving for retirement, planning for children's education, owning your dream car, debt management and so forth - are spokes on the wheel. Once you begin to make progress along each one of those spokes, you'll begin to gain traction all round, and you'll see your ability to realize your financial goals really begin to take off. Further, we all know that one of the greatest causes of stress and conflict in relationships is money. Individuals and families who have planned 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 need to meet a financial planner as early as possible in your life and begin a long-term relationship. Then meet regularly to review the Financial Plan to make sure you're on track.

For more info, 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